Our company plans to use export agency services. Previously, we handled export tax refunds ourselves and are unclear about the calculation method when using an agency. We'd like to know how the refund amount is calculated when using an agency? Is the calculation process complicated? Are there significant differences from self-export tax refund calculation? Detailed explanation would be appreciated.
When hiring an export agent to handle business, there are questions about whether the export agent processes tax refunds—whether it's the agent's responsibility or the client's, what documents the client needs to provide for agent-assisted refunds, and whether the process is complex. The best answer clarifies that export agents can handle tax refunds, with two models: client self-refund or agent-assisted refund. For agent-assisted refunds, clients must provide documents like purchase contracts, and while the process isn't simple, agents have expertise advantages.
Our company exports goods through an agency company. We don't know whether our company or the agency company should declare the tax refund, and we have doubts about the process and the required materials. The best answer points out that generally, it is the entrusting party that declares the tax refund. Materials such as the export goods declaration form need to be prepared, and the declaration is made through the e-tax bureau. Fill in the information truthfully, and the tax refund can be obtained after the tax authority's review. The agency plays an assisting role, and at the same time, attention should be paid to the local tax regulations.
Due to the company's need for export business, we want to find an agency for export, but we are worried about its illegitimacy. We are asking whether the agency export model is legitimate, how to judge whether an agency company is reliable and what precautions should be taken. The best answer says that agency export itself is legitimate. You can judge whether it is legitimate by looking at the qualifications, service processes, and contract terms of the agency company. Choosing the right company for agency export is reliable.
Asking whether the company can handle tax refunds for exporting products through an agency company, as well as the specific handling process and required documents. The best answer states that tax refunds can be handled for export by agency. Generally, it is handled by the entrusting party. The entrusted party needs to issue a Certificate of Goods Exported by Agency, and the entrusting party prepares documents such as the agency export agreement. It is handled within the specified time according to the processes of export tax refund (exemption) filing, declaration, etc. Professional institutions can also be consulted for assistance.
Our company plans to engage in re-export trade and wants to know whether it qualifies for tax refunds, along with the relevant conditions and procedures. The best answer clarifies that re-export trade does not qualify for tax refunds because the goods are not actually produced, processed, or value-added domestically, thus failing to meet export tax refund requirements. Incorrectly applying for refunds may lead to tax risks, so companies should accurately understand relevant tax policies.
In Shenzhen, the company has export business. It is inquiring whether there is an export agency tax refund service in Shenzhen and whether the process is complicated. It also wants to know the cost of finding an agent and the materials that need to be prepared. The best answer states that there are such services in Shenzhen. Institutions such as Zhongshitong can provide them. The process includes preparing materials, declaring, auditing, etc. The cost is charged according to a certain proportion of the export amount. When choosing an agent, its professionalism should be examined, etc. The preparation of materials needs to be complete and accurate.
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Professional consultant answers
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
The basic formula for tax refund calculation when using export agency services is: refundable amount = FOB price of exported goods × RMB exchange rate × export tax refund rate. First, clarify the FOB price, which is the price when goods are delivered on board. The RMB exchange rate can refer to the rate published by the People's Bank of China. The refund rate varies by product and can be checked on the State Taxation Administration website.
For example, if your company exports goods with FOB price of $100,000, RMB exchange rate at 6.5, and refund rate of 13%, then refundable amount = 100000×6.5×13% = 84,500 RMB.
The calculation method is essentially same whether using agency or self-export. The main difference lies in data acquisition and procedures, as agencies are more familiar with processes and can avoid mistakes caused by unfamiliarity.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Generally, it's calculated based on the amount specified on the VAT special invoice for purchased goods and the refund rate. As long as accurate invoice information is provided to the agency, they can calculate the refund amount.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
The calculation isn't difficult. The key is to accurately provide goods-related information to the agency, such as amounts on customs declarations. The agency will calculate according to the prescribed formula.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
Essentially, it depends on the tax basis and corresponding refund rate for exported goods. The tax basis is usually invoice amount or FOB price (choose one), then multiply by refund rate to get refund amount.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
Don't overlook details during calculation, like special regulations for certain products. Mistakes could affect refund amount, which agencies usually pay attention to.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
For processed goods, the calculation differs slightly, needing to include costs of raw materials and processing fees.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
When using agencies, they typically review documents first and only calculate after verification, strictly following regulations with minimal errors.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
Stay updated on policy changes as refund rates may adjust. Agencies usually have better information channels in this regard.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
Whether self-export or using agency, tax refund calculations follow national formulas, with agencies being more proficient and efficient in operations.