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.
Our company used to export on its own before and now intends to export products by entrusted agency. We have doubts about the tax refund process for export by entrusted agency and would like to ask if it is the same as the process for tax refund of self-export, what materials are required and how long the tax refund takes. The best answer states that the tax refund process for export by entrusted agency is different. Both parties need to sign an agreement. After handling the relevant procedures, the entrusted party will transfer the materials to the entrusting party. The entrusting party will apply to the tax authorities for tax refund with these materials. The tax refund usually takes about 20 working days, with differences in different regions.
The company plans to hire an export agency to handle tax refunds but is unfamiliar with the specifics, inquiring about the complexity, required documents, and procedures. The best answer explains: first, select a professional agency and sign an agreement; before export, the client prepares documents for the agency to handle customs declaration; after export, gather all tax refund materials; the agency enters data for pre-declaration followed by formal declaration; after tax authority approval, the refund is transferred to the client via the agency. Attention to documents and timelines is crucial.
The company plans to use an agent for export services but has questions about tax refunds. It asks whether the principal or the agent handles the tax refund in export agency services, as well as the process and required documents. The best answer clarifies that generally the principal handles the tax refund as they are the actual exporter and seller of the goods. The agent assists by providing documents, while the principal must prepare various materials and follow the prescribed declaration process.
Want to understand who handles tax refunds during export agency services and the related processes and considerations. The best answer indicates that the tax refund entity is usually agreed upon by both parties. One option is for the client to handle the refund themselves, requiring specific qualifications, while the export agency provides documentation. The other option is for the export agency to handle the refund, with the client providing necessary materials. Key points include ensuring business authenticity, document compliance, and meeting tax refund deadlines.
The company exports through an agency and now wants to handle the tax refund by itself. It doesn't know the specific process and preparation matters. The best answer states that first, the export tax refund (exemption) filing should be completed on the e-tax bureau and relevant materials should be prepared; second, collect vouchers such as export declaration forms and special VAT invoices; third, enter the declaration data; finally, submit the declaration. At the same time, pay attention to the accuracy of the data and the declaration deadline.
Our company plans to entrust others to handle the export of products, but is confused about whether the subject of tax refund is ourselves or the agency. The best answer points out that in the pure agency model, the entrusting party shall handle the tax refund, and relevant materials need to be prepared and declared to the tax authorities according to the process; in the buyout agency model, the agency shall handle the tax refund. At the same time, it is emphasized that both parties should clearly define their rights and obligations in the agreement to protect the interests of the entrusting party.
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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.