The tax refund process for export by entrusted agency is different from that of self-export. First of all, the entrusting party and the entrusted party need to sign an agency export agreement. Then, the entrusted party is responsible for handling procedures such as export customs declaration and foreign exchange collection. After the goods are exported, the entrusted party will transfer relevant customs declaration forms, foreign exchange verification forms and other materials to the entrusting party.
The entrusting party will apply to the competent tax authorities for tax refund with these materials as well as the agency export agreement, special VAT invoices, etc. It should be noted that the entrusting party must ensure that the invoices provided are genuine and valid, and that the export business complies with the requirements of the tax refund policy.
In terms of preparing tax refund materials, in addition to those mentioned above, it may also be necessary to provide documents for the record of exported goods, etc. The tax refund usually takes about 20 working days after the application is submitted and verified without errors, but there may be differences in different regions. If the materials are incomplete or there are doubts about the business, the tax refund time will be extended.
Professional consultant answers
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
The tax refund process for export by entrusted agency is different from that of self-export. First of all, the entrusting party and the entrusted party need to sign an agency export agreement. Then, the entrusted party is responsible for handling procedures such as export customs declaration and foreign exchange collection. After the goods are exported, the entrusted party will transfer relevant customs declaration forms, foreign exchange verification forms and other materials to the entrusting party.
The entrusting party will apply to the competent tax authorities for tax refund with these materials as well as the agency export agreement, special VAT invoices, etc. It should be noted that the entrusting party must ensure that the invoices provided are genuine and valid, and that the export business complies with the requirements of the tax refund policy.
In terms of preparing tax refund materials, in addition to those mentioned above, it may also be necessary to provide documents for the record of exported goods, etc. The tax refund usually takes about 20 working days after the application is submitted and verified without errors, but there may be differences in different regions. If the materials are incomplete or there are doubts about the business, the tax refund time will be extended.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
Regarding the tax refund for export by entrusted agency, attention should be paid to foreign exchange collection. In principle, the entrusting party should collect the foreign exchange. However, if the entrusted party collects the foreign exchange on behalf of the entrusting party, it must transfer the foreign exchange to the entrusting party within the specified time and explain the situation when applying for tax refund.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
Before applying for the tax refund for export by entrusted agency, it is necessary to carefully check the information on the customs declaration form, such as the name of the goods, quantity, amount, etc. Once there is an error, it may affect the tax refund. If any problem is found, it is necessary to contact the customs in time to make corrections.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
For the entrusting party, it is necessary to keep abreast of the progress of the entrusted party in handling various procedures to avoid delays in tax refund due to poor communication between the two parties.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
If the goods exported by entrustment belong to consumer goods subject to consumption tax, in addition to the VAT tax refund, the entrusting party can also apply for the consumption tax tax refund. However, it is necessary to prepare corresponding special payment certificates for consumption tax and other materials.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
In the process of tax refund for export by entrusted agency, attention should be paid to policy changes, especially the adjustment of tax refund rates. Business should be adjusted in a timely manner according to the new policy to ensure the accurate calculation of the tax refund amount.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
When applying for the tax refund for export by entrusted agency, the entry of electronic data should be accurate and consistent with the paper materials. Otherwise, it may lead to the failure of verification.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Remember to keep all the materials related to export by entrusted agency, including contracts, invoices, logistics documents, etc., for subsequent verification by the tax authorities.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
If the goods exported by entrustment involve special customs supervision areas, there will be special provisions for tax refund operations. It is necessary to understand them clearly in advance and handle them according to the requirements.