A Hong Kong company's entrepot trade generally cannot directly enjoy the mainland's tax refund policies. Because the mainland's export tax refund mainly targets enterprises registered in the mainland, with the right to engage in import and export operations and having completed the export tax refund identification according to regulations. However, if a Hong Kong company conducts entrepot trade through a mainland foreign trade agency company, the situation is different.
The mainland foreign trade agency company exports goods in its own name. When it meets the tax refund conditions, it can apply to the local tax authorities for tax refunds. The usually required materials include export declaration forms, export invoices, purchase invoices, etc. In terms of the procedure, first, the export customs declaration of the goods should be completed. Then, the tax refund materials should be collected and sorted out. After that, an application should be submitted to the tax authorities. Once verified without errors, the tax refund can be obtained. The Hong Kong company and the foreign trade agency company need to clearly define the relevant rights and obligations and the sharing of costs and other issues.
In short, it is difficult for a Hong Kong company itself to directly get tax refunds. Resorting to a mainland foreign trade agency is a common way.
Professional consultant answers
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
A Hong Kong company's entrepot trade generally cannot directly enjoy the mainland's tax refund policies. Because the mainland's export tax refund mainly targets enterprises registered in the mainland, with the right to engage in import and export operations and having completed the export tax refund identification according to regulations. However, if a Hong Kong company conducts entrepot trade through a mainland foreign trade agency company, the situation is different.
The mainland foreign trade agency company exports goods in its own name. When it meets the tax refund conditions, it can apply to the local tax authorities for tax refunds. The usually required materials include export declaration forms, export invoices, purchase invoices, etc. In terms of the procedure, first, the export customs declaration of the goods should be completed. Then, the tax refund materials should be collected and sorted out. After that, an application should be submitted to the tax authorities. Once verified without errors, the tax refund can be obtained. The Hong Kong company and the foreign trade agency company need to clearly define the relevant rights and obligations and the sharing of costs and other issues.
In short, it is difficult for a Hong Kong company itself to directly get tax refunds. Resorting to a mainland foreign trade agency is a common way.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
A Hong Kong company should know that the mainland's tax refund policies mostly target mainland enterprises. If it really wants to get tax refunds, it can consider registering a trading company in Hong Kong and at the same time setting up a subsidiary or an office in the mainland. Conducting trade in its name, it can get tax refunds if it meets the conditions.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
If a Hong Kong company directly purchases mainland goods for export, it is very difficult to get tax refunds. But if it signs a consignment export agreement with a mainland production enterprise and the production enterprise applies for tax refunds, there may be a chance, although the procedures are rather complicated.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
In entrepot trade, a Hong Kong company can also consult professional tax consultants. They are familiar with the policies of both places and may be able to provide some unique operation methods to strive for tax refund preferences.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
If a Hong Kong company wants to get tax refunds, it also depends on the origin and destination of the goods. If the goods are originally produced in the mainland and exported to specific countries or regions, there may be special policies. Attention can be paid to the relevant regulations of the customs and tax authorities.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Actually, one can study the relevant clauses in free trade agreements. Maybe there are some tax refund preferences for Hong Kong companies' entrepot trade hidden in them. By making use of the rules of the agreements to strive for tax refunds.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
In the operation of entrepot trade, a Hong Kong company should keep all transaction vouchers, logistics documents and other materials. Although it may not be able to directly get tax refunds, in case there are policy changes, these materials may be useful.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
If a Hong Kong company has mainland affiliated enterprises, try to reasonably arrange the trade process through the affiliated enterprises. On the premise of complying with the regulations, maybe the affiliated enterprises can obtain tax refund benefits and thus benefit the Hong Kong company.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
Some special areas have special policies for tax refunds in entrepot trade. Hong Kong companies can pay attention to such areas to see if they can achieve tax refunds by setting up institutions or conducting business in these areas.