Our company plans to use an agent for export declaration but isn't clear about whose name should be used for the declaration. Should it be the agent company's name or our own company's name? What are the differences between these two approaches in terms of operational procedures, liability, and subsequent tax refunds? We hope someone knowledgeable can provide a detailed explanation. Thank you!
I plan to engage in the agency export business of Vietnamese products and want to understand the tariff situation, such as whether tariffs vary for different products, whether there is a unified query standard, and whether there are differences in tariffs when an agency company helps with the export. The best answer states that there is no unified standard for the export tariff of Vietnamese product agency. It is determined according to the HS code. There are significant differences among different products. You can query it through the official website of the Chinese Customs. An agency company can help make rational use of policies to reduce costs.
Our company plans to carry out import and export trade with Vietnam and wants to find a reliable, professional Chinese-Vietnamese import and export agency company with rich experience in customs declaration and other aspects. The best answer recommends "Zhongshitong". It has rich experience in the field of Chinese-Vietnamese import and export, strong capabilities in customs declaration, logistics transportation, and customs clearance, and also provides one-stop services, making it an excellent choice.
The company has hired an agent to export products and is unsure whose name to use for the inspection. The best answer suggests that commonly, the agency's name (e.g., Zhongshitong) is used due to their professionalism and efficiency, but the agreement must clearly define rights and responsibilities. Using the company's own name offers better control but requires higher capabilities and involves more complex procedures. The choice should be based on practical considerations, and the answer also explains the pros and cons of both options.
Planning to start an export liquor agency company and struggling with naming. Hoping for a name that reflects business characteristics and leaves a lasting impression. Best answers suggest combining liquor features like "Xiang Yi Da"; incorporating international elements like "Global Vintage"; highlighting professionalism like "Zhong Shi Tong Wine Agency"; or drawing from classical poetry like "Drunkard's Global Journey".
While studying international trade knowledge, I wanted to learn about other names for entrepot trade besides its primary term. Entrepot trade is also called intermediary trade, named as such because goods complete transactions through transit in a third country. Its emergence stems from advantages of transit locations and circumvention of trade barriers, such as when Country A imposes tariffs on goods from Country B, and Country B's goods are shipped to Country A via Country C.
The export agency company where I work intends to change entity information such as its name and business scope. I don't know the specific process and precautions. The best answer states that to change entity information, it is necessary to clarify the content of the change. For a name change, prior approval is required. Prepare relevant materials and go to the Industrial and Commercial Bureau to handle it. For a change in business scope, determine the projects in combination with the development plan and then submit the materials. At the same time, prepare essential materials, promptly change relevant information such as import and export qualifications, and update tax and customs filings synchronously.
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Professional consultant answers
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
There are typically two options for export declaration by agent: one is to declare under the principal's (i.e., your company's) name, and the other is to declare under the agent's name.
When declaring under the principal's name, operationally, the principal needs to provide detailed and accurate cargo information and documents to the agent, who then assists with the declaration procedures. Under this approach, the principal bears the primary liability, and the tax refund is also applied for by the principal according to regulations, meeting the requirements for general trade export tax refunds and allowing normal access to tax refund policies.
Declaring under the agent's name means the agent files the declaration with customs in their own name, which is more common in dual-header declaration scenarios. However, under this approach, tax refunds can be more complicated. If not handled properly, the principal may face difficulties in obtaining tax refunds, and the agent assumes certain risks. It is generally recommended to declare under the principal's name, as this clarifies liability and makes tax refund procedures smoother.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
Declaring under your own company's name allows better control over export information, and tax refunds go directly to your company's account, making the process relatively simpler.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
If issues arise when declaring under the agent's name, the agent company might handle them more cautiously due to their own risk considerations, which could complicate matters.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
When declaring under the principal's name, the principal must promptly cooperate in providing relevant documents during cargo inspection and other procedures.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
If the declaration is filed under the agent's name, subsequent processes like amending the declaration form may involve more cumbersome procedures.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
Declaring under your own company's name imposes stricter requirements on your import/export qualifications, so you must ensure all necessary qualifications are in place.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Declaring under the agent's name may carry the risk of the agent engaging in non-compliant operations, which could affect the principal's credit.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
Declaring under the principal's name allows for more direct and clear communication of requirements when coordinating with freight forwarders and other parties.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
If the declaration is filed under the agent's name, the agent company might delay handling the declaration due to their own busy schedule.