What kind of invoices should be issued for consignment export agency? Come and help me answer this question!
Solved#Export agent#
Our company intends to consign an agency to export products. We haven't been involved in related business before and don't know what the requirements are in terms of invoicing. I'd like to ask what kind of invoices should be issued for consignment export agency? Should it be the consignor or the agent who issues the invoices? Is there any difference in invoicing for different types of products? I hope friends who know about this can tell me about it in detail. Thank you very much.
Professional consultant answers
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Consignment export agency usually involves two main types of invoices: First, the consignor needs to issue a general VAT invoice. As the seller of the goods, the consignor should issue a general VAT invoice to the agent to prove the sales behavior of the goods, and this invoice is also one of the important vouchers for the agent to handle export tax rebates.
Second, the agent should issue a Certificate of Export Goods on Consignment. After completing the export business, the agent needs to apply to the competent tax authority for issuing a Certificate of Export Goods on Consignment with relevant documents and deliver it to the consignor. The consignor shall declare export tax rebates to the competent tax authority with this certificate and other materials.
Generally speaking, the invoicing of different types of products essentially follows the above rules, but for special products, such as those restricted by the state for export or with special tax policies, there may be additional requirements or regulations, which need to be further confirmed according to specific products and relevant policies.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
Generally, the general VAT invoice is issued by the consignor to the agent, and the agent will handle subsequent matters accordingly. If special trade methods such as processing with imported materials are involved, the invoicing process and requirements may change.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
For agency export, the agent should apply for the Certificate of Export Goods on Consignment in a timely manner after the goods are exported, which is crucial for the consignor to handle tax rebates, otherwise it may affect the progress of tax rebates.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
When issuing invoices, the consignor should pay attention to the accuracy of invoice information, including the name, quantity, and amount of the goods, which should be consistent with the information on export documents such as the customs declaration form, otherwise it may cause problems in tax rebates.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
If the goods consigned for export belong to taxable consumer goods subject to consumption tax, in addition to issuing a general VAT invoice, the consignor may also be involved in the declaration and issuance of relevant certificates related to consumption tax.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
In actual operation, some regions have special requirements for the format of invoices and the filling of the remarks column. It is recommended to consult the local tax authority in advance to avoid rework.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
For export goods with a zero tax rate, when issuing a general VAT invoice, the consignor should select "0%" as the tax rate and complete the invoicing and tax rebate declaration according to the prescribed process.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
During the process of issuing invoices and handling certificates, the agent should properly keep all kinds of documents, which is convenient for the tax authority to verify and also conducive to the consignor's smooth handling of tax rebates.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
If the export goods involve situations such as transfer between factories, the invoicing rules will be different again. For such complex business, it is necessary to communicate more with the tax department to confirm the invoicing requirements.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
After issuing invoices, the consignor should deliver them to the agent in a timely manner. At the same time, both parties should make a good record of the handover of invoices and related documents for easy tracing and management.