When exporting through an agency company, there are generally two common situations for issuing invoices. If it is a buyout agency export, that is, the agency company exports in its own name and assumes the foreign exchange collection risk, the agency company issues an export invoice to foreign customers. The invoice content should include detailed information about the exported goods, such as the name, specifications, quantity, unit price, and total price of the goods. The format should meet the requirements of export declaration and foreign customers, usually following the commercial invoice specifications. If it is an agency service export, as the principal, your company exports in its own name. Your company issues an export invoice to foreign customers, and the agency company issues an invoice for agency fees to your company. The invoice for agency fees is issued in accordance with the specifications of domestic service industry invoices. In either case, pay attention to keeping the invoice information consistent with the customs declaration form, contract, etc., to ensure the smooth progress of processes such as foreign exchange collection and tax refund.
At the same time, the amount on the export invoice should be accurately calculated to avoid subsequent problems caused by amount differences. In addition, it is also crucial to keep informed of the special requirements of the destination country for the invoice.
Professional consultant answers
Andrew HuangYears of service:7Customer Rating:5.0
Supply chain optimization expertConsult
When exporting through an agency company, there are generally two common situations for issuing invoices. If it is a buyout agency export, that is, the agency company exports in its own name and assumes the foreign exchange collection risk, the agency company issues an export invoice to foreign customers. The invoice content should include detailed information about the exported goods, such as the name, specifications, quantity, unit price, and total price of the goods. The format should meet the requirements of export declaration and foreign customers, usually following the commercial invoice specifications. If it is an agency service export, as the principal, your company exports in its own name. Your company issues an export invoice to foreign customers, and the agency company issues an invoice for agency fees to your company. The invoice for agency fees is issued in accordance with the specifications of domestic service industry invoices. In either case, pay attention to keeping the invoice information consistent with the customs declaration form, contract, etc., to ensure the smooth progress of processes such as foreign exchange collection and tax refund.
At the same time, the amount on the export invoice should be accurately calculated to avoid subsequent problems caused by amount differences. In addition, it is also crucial to keep informed of the special requirements of the destination country for the invoice.
Michelle ChenYears of service:3Customer Rating:5.0
Business coordination consultantConsult
Generally speaking, if the agency company only provides agency services and the export entity is still your company, then your company issues the invoice to foreign customers, and the agency company issues an invoice for agency fees to you. When issuing the invoice, ensure that all information is accurate and corresponds to the customs declaration form.
Amanda YangYears of service:3Customer Rating:5.0
Cost control consultantConsult
It depends on how the agency contract is signed. If it is agreed that the agency company is responsible for the entire export process, then the agency company issues the invoice to foreign customers. Pay attention that the invoice should clearly show key information such as the value and quantity of the goods.
James LiuYears of service:10Customer Rating:5.0
Foreign trade tax refund consultantConsult
If your company entrusts an agency for export and retains the export right, usually your company issues the export invoice to foreign customers. Remember to fill in the invoice as required without making mistakes, otherwise it will affect the tax refund.
Joseph ZhouYears of service:10Customer Rating:5.0
Senior foreign trade managerConsult
First, determine the agency mode. For a buyout agency, the agency company issues the invoice to foreign countries. For a non-buyout agency, basically the principal issues the invoice. The invoice format can refer to previous export invoices or consult the local tax department.
Robert ChenYears of service:6Customer Rating:5.0
Customer service consultantConsult
If the agency company only acts as an agent for foreign exchange collection, etc., and you are the exporter, then you need to issue the export invoice. Pay attention to details such as the seal and signature on the invoice when issuing it.
David LiYears of service:6Customer Rating:5.0
Senior customs declaration consultantConsult
It mainly depends on the nature of the agency. For agency services such as foreign exchange collection, you issue the invoice to foreign countries; if it is an agency buyout export, the agency company issues the invoice. Pay attention that the goods description on the invoice should be consistent with the actual situation.
Emily LiuYears of service:10Customer Rating:5.0
Settlement and payment expertConsult
Follow the agency agreement. If the agency company exports in its own name, the agency company issues the invoice. Write the invoice content according to the actual situation of the exported goods and do not omit important information.
Elizabeth LiYears of service:3Customer Rating:5.0
Compliance and risk managerConsult
If it is a regular agency service export, you issue a commercial invoice to foreign customers, and the agency company issues a service fee invoice to you. Don't forget to follow the prescribed procedures when issuing the invoice.