How should tax refunds be handled for export agency business? Is there anyone who is knowledgeable about this to teach me?
Solved#Export tax rebate#
Our company has recently started the export agency business. We used to do self-operated exports before, and we are not very clear about the tax refunds for export agency. I'd like to ask everyone, what are the differences in the process and the documents needed to be prepared for the tax refunds between export agency and self-operated exports? Also, will the tax refund money be given to the agency company or our company? I hope friends with experience can explain it in detail. Thank you very much!
Professional consultant answers
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
The process of tax refunds for export agency is different from that of self-operated exports. Firstly, the consignor (your company) should handle the tax refund identification to obtain the tax refund qualification. Then, after the goods are exported, the agent will promptly obtain documents such as the export customs declaration form and the foreign exchange verification form, and issue the Certificate of Goods Exported by Agency to the consignor.
The consignor needs to declare the tax refund to the competent tax authority within the stipulated tax refund declaration period with documents such as the Certificate of Goods Exported by Agency, the export customs declaration form, and the special VAT invoice. The tax refund amount will be given to the consignor, that is, your company.
Compared with self-operated exports, there is an additional Certificate of Goods Exported by Agency in terms of documents. It should be noted that all documents should be ensured to be true, complete, and valid, and the declaration time should also be strictly adhered to the regulations to avoid affecting the tax refund due to overdue.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
The tax refund documents must be sorted out properly, especially the invoices. The information on the invoice face should be ensured to be accurate, otherwise it is likely to affect the progress of the tax refund.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
It is best for the consignor and the agent to communicate the details of the process in advance and clarify the responsibilities of both parties, so that the tax refund process will be more smooth.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
Before declaring the tax refund, carefully check the information on the customs declaration form to ensure that it is consistent with the actual exported goods, otherwise problems are likely to occur.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
Pay attention to the changes in tax policies. Sometimes the adjustment of policies will affect the requirements and processes of tax refunds.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
If it is the first time to handle tax refunds through export agency, it is recommended to consult the tax authority in advance to understand the specific requirements.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
The Certificate of Goods Exported by Agency is very important. When the agent issues it, the information should be ensured to be accurate without errors.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
It is also very important to collect all the foreign exchange in time according to the regulations, otherwise it may affect the tax refund.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
You can ask experienced financial personnel to help handle the tax refund matters to improve the success rate of declaration.