What should be done specifically if an agent for export wants to handle tax refunds on its own?
Solved#Export tax rebate#
Our company has always been exporting goods through an agent before, and now we want to try to handle tax refunds on our own. However, we are not quite clear about the specific process and key points of operation. We would like to ask everyone, what preparatory work needs to be done for switching from agent export to handling tax refunds on our own? What are the precautions? What is the whole tax refund process like? We hope that friends with experience can explain it to us in detail. Thank you.
Professional consultant answers
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
First of all, it is necessary to complete the record-filing for export tax refunds (exemptions). Log in to the e-tax bureau, fill in the relevant information in the export tax refund module and submit it. Secondly, it is necessary to obtain legal and valid purchase vouchers, such as special VAT invoices, etc., to prove the source and price of the goods purchased. Moreover, after the goods are exported, foreign exchange should be collected in a timely manner, and the relevant foreign exchange collection vouchers should be retained.
Regarding the tax refund process, first sort out the export customs declaration forms, invoices and other materials and enter them into the tax refund declaration system. After generating the declaration data, declare the tax refund to the competent tax authorities within the stipulated time limit (generally within each VAT tax declaration period from the next month after the date of customs declaration of the goods to April 30th of the following year). Note that the declaration data must be accurate and error-free, and the declaration time limit must be strictly observed, otherwise it may affect the progress of tax refunds or even make it impossible to get tax refunds.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
When handling tax refunds on your own, pay attention that the information on the customs declaration form should be accurate and consistent with the actual situation of the goods, otherwise the tax refund will be blocked. In addition, the issuance and authentication of invoices should also be handled in a timely manner so as not to delay the tax refund time.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
It is necessary to establish a perfect financial accounting system for export tax refunds to accurately calculate the export sales revenue, costs, etc. Otherwise, when the tax authorities conduct inspections, unclear accounts will cause a lot of trouble.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
Pay attention to the fluctuation of exchange rates and select the appropriate exchange rate for tax refund calculations according to the regulations. At the same time, all kinds of tax refund materials should be properly preserved for inspection.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
Timely pay attention to the changes in tax policies. The export tax refund policies are sometimes adjusted, and not understanding the new policies may lead to errors in tax refunds.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Maintain good communication with relevant parties such as freight forwarders to ensure the timely and accurate transmission of information in the process of goods export, which is conducive to tax refund declarations.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
Handling tax refunds on your own involves filling in quite a few forms, which should be done carefully. For example, the associated data in the VAT declaration form and the tax refund declaration form should be consistent.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
For the first time of handling tax refunds on your own, it is recommended to communicate more with the tax authorities. Consult in time for unclear matters to avoid taking detours.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
When collecting all the tax refund materials, check the integrity and authenticity of the materials. False materials will bring serious consequences.