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How should the invoice be issued for export through an agency company?

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Our company plans to export products through an agency company. We used to export directly by ourselves and are not very clear about issuing invoices for agency exports. I would like to ask everyone, how should the invoice be issued when exporting through an agency company? Should our company issue it to the agency company, or should the agency company issue it to foreign customers? Are there any special requirements for the content and format of the invoice? What issues need to be noted? I hope that friends with experience can help answer these questions. Thank you!

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Professional consultant answers

Andrew Huang
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 Chen
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 Yang
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 Liu
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 Zhou
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 Chen
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 Li
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 Liu
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 Li
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.

The relevant questions or replies only represent the user’s personal stance and do not represent any views of this website.

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