• Welcome to China Foreign Trade Agency!
  • HomeFAQsImport agent
  • How can the value-added tax be deducted in the agency import business? I'm completely confused!

How can the value-added tax be deducted in the agency import business? I'm completely confused!

NO.20260101*****

Problem Analysis: *****, Solution: *****, Process and Cost: *****

Get the solution

Our company has recently engaged in the agency import business, but I don't quite understand the issues related to the value-added tax deduction involved. For example, should it be deducted by the entrusting party or the agency? How should it be operated specifically to be compliant? What materials need to be prepared? I hope friends who are knowledgeable in this area can explain it in detail. Thank you!

Quick Consultation :

Professional consultant answers

Jennifer Wang
Jennifer WangYears of service:4Customer Rating:5.0

Market development consultantConsult

In the agency import business, the situation of value-added tax deduction is as follows:

Usually, the value-added tax is deducted by the entrusting party. The agency only provides agency services and charges agency fees. The actual consumer and user of the imported goods is generally the entrusting party, so the entrusting party has the right to use the special payment voucher of customs import value-added tax to deduct the input tax amount.

In terms of the specific operation process, the entrusting party should obtain the special payment voucher of customs import value-added tax transferred by the agency. The value-added tax amount indicated on the payment voucher can be declared and deducted as the input tax amount within the prescribed time limit. However, it should be noted that the title of the payment voucher needs to be the accurate information such as the name of the entrusting party's enterprise.

The materials that need to be prepared generally include the agency import agreement to prove the principal-agent relationship between the two parties; the original special payment voucher of customs import value-added tax, which is the key voucher for deduction; and procurement contracts, invoices, etc. related to the import business that can prove the authenticity of the business.

David Li
David LiYears of service:6Customer Rating:5.0

Senior customs declaration consultantConsult

Generally, it is the entrusting party that deducts the value-added tax. The key is to obtain the special payment voucher of customs import value-added tax, on which there is the tax amount information that can be used for deduction.

Andrew Huang
Andrew HuangYears of service:7Customer Rating:5.0

Supply chain optimization expertConsult

The entrusting party just needs to deduct with the special payment voucher of customs import value-added tax according to the regulations. In terms of materials, materials such as the agency import agreement that can prove the business need to be prepared.

James Liu
James LiuYears of service:10Customer Rating:5.0

Foreign trade tax refund consultantConsult

The value-added tax is deducted by the entrusting party. Remember to ensure that the information on the special payment voucher of customs import value-added tax is accurate and complete, otherwise it may affect the deduction.

William Yang
William YangYears of service:5Customer Rating:5.0

International logistics consultantConsult

The value-added tax deduction for agency imports is mainly the responsibility of the entrusting party. Prepare relevant contracts, payment vouchers and other materials, and just follow the normal declaration process.

The relevant questions or replies only represent the user’s personal stance and do not represent any views of this website.

You may also like

Is agency export actually considered an import business? Come and help me clear up my confusion!

Confused about the concepts of agency export and import business, asking whether agency export belongs to import business. The best answer states that agency export does not belong to import business. Agency export is to handle export procedures for domestic cargo owners, with the goods flowing abroad; import business is to purchase goods from abroad and introduce them into the domestic market, and there are obvious distinctions in their business directions, involved process links, etc.

Does an export agency enterprise need to declare value-added tax (VAT)? Come and find out!

A company claims to be an export agency enterprise and has doubts about whether it needs to declare VAT. It asks about the specific procedures and special regulations if it is required to declare. The best answer points out that an export agency enterprise needs to declare VAT. Its agency fee income is declared according to the brokerage agency service. The tax rate for general taxpayers is 6%, and the levy rate for small-scale taxpayers is 3% (there are preferential policies during the epidemic). The declaration process is similar to that of general enterprises, and input tax can be deducted if there is any.

When is it appropriate to recognize the income from agency exports?

It is said that the company is engaged in the agency export business, and there are doubts about the recognition time of the agency export income. Different financial personnel have different views, and are confused about when the recognition is correct and compliant. The best answer points out that the agency export income is usually recognized when the goods are declared for export through customs and relevant procedures are completed, and it is expected that the agency payment can be received, which complies with the accounting standards and the actual business process.

How to handle the accounting for agency import business? What are the key points?

The company conducts agency import business and has doubts about the accounting and tax treatment of processes from contract signing to goods sales. The best answer states that when signing a contract and receiving an advance payment, debit "Bank deposit" and credit "Advance from customers"; when making customs declaration and payment, include the customs duty in the cost and handle the value-added tax according to the situation; when recognizing revenue from sales, pay attention to distinguishing between income and expenditure and tax accounting, and clearly record the capital flow.

How exactly should the value - added tax (VAT) for agency import and export business be calculated? Come and help me solve this confusion!

The company intends to carry out agency import and export business and has doubts about the calculation of VAT. It asks about the calculation method of VAT for agency import and export business, as well as the key points of attention for the agent and the principal respectively. The best answer states that for imports, VAT is calculated based on the composite assessable price, and for exports that meet the conditions, the exemption, credit, and refund method is implemented. The agent should pay attention to the tax calculation of agency fees, and the principal should focus on the calculation and declaration of VAT for goods.

How exactly is the import agency service fee calculated? Help me clear up the confusion!

Planning to start an import business and hired an agency, but unsure how import agency fees are calculated, worried about being overcharged. The best answer points out there's no absolute standard for import agency fee calculation. Common methods include: a percentage of cargo value (e.g., 1%-5%); per-shipment fee (typically ¥1,000-3,000); or comprehensive pricing based on business complexity. When choosing an agency, clarify their calculation method and service scope.