Where on earth does the tax refund for agency exports take place? Who can explain it clearly to me?
Solved#Export tax rebate#
The company I work for plans to export products through an agency company. Now I'm a bit confused about the tax refund part. I'd like to know on which side the tax refund for agency exports is carried out? Is it the entrusting party or the agency party? Will the tax refund process and the materials that need to be prepared have special requirements because it is an agency export? I hope friends who are knowledgeable about this can explain it in detail, so that I can have a clear idea and the subsequent operations will be smoother.
Professional consultant answers
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
The tax refund for agency exports is generally carried out by the entrusting party. The reason is that the entrusting party is the actual exporter and seller of the goods and bears the profit and loss of the exported goods. Therefore, the subject of the tax refund is the entrusting party.
In terms of the specific process, after the goods are declared for export at the customs and the financial sales treatment is done, the entrusting party prepares relevant materials and goes to the competent tax authority to handle the tax refund declaration. The materials usually required include the Certificate of Agency Export Goods, the Customs Declaration Form of Export Goods, the Export Invoice, etc.
The agency party needs to provide the Certificate of Agency Export Goods and relevant documents to the entrusting party in a timely manner after the goods are exported and assist the entrusting party in handling the tax refund. If the agency party exports the goods in its own name and bears the foreign exchange collection risk, etc., it may also be the agency party that handles the tax refund, but this situation is relatively rare. In conclusion, the specific situation needs to be determined in combination with the actual business and tax regulations.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
Normally, whoever is the actual owner and seller of the goods is responsible for the tax refund. The entrusting party, as the owner of the goods, bears the main responsibilities and risks of the goods export, and generally it is the entrusting party that handles the tax refund. However, in actual operation, it is necessary to communicate well with the agency party in advance and clarify the division of responsibilities.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
Generally, it is the entrusting party that handles the tax refund. The agency party only provides agency services and assists in handling some procedures. The entrusting party needs to pay attention to the changes in the tax refund policies and prepare the materials as required, so that the tax refund process will be smoother.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
Mostly, it is the entrusting party that handles the tax refund, because the cost, profit accounting, etc. of the goods are all with the entrusting party. However, there are also special cases. For example, if the agency party buys out the export, it may be the agency party that handles the tax refund. So it depends on the specific cooperation mode.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
Mostly, it is the entrusting party that handles the tax refund. The agency party is mainly responsible for helping the entrusting party handle the affairs related to the export process. The entrusting party should remember to declare the tax refund within the specified time, otherwise it may affect the progress of the tax refund.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Judging from the common situation, it is the entrusting party that handles the tax refund. The entrusting party should pay attention to issues such as the declaration period and the integrity of the materials. The agency party just needs to cooperate in providing relevant supporting materials.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
Normally, it is the entrusting party that handles the tax refund. When handling the tax refund, the entrusting party should ensure that the materials provided are true and valid. If there are problems with the materials, it will affect the handling of the tax refund.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
Generally, it is the entrusting party that handles the tax refund. The entrusting party should standardize the financial accounting according to the tax requirements and accurately calculate the export sales amount, etc. This is very important for a smooth tax refund.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Mostly, it is the entrusting party that handles the tax refund. But no matter which side, it is necessary to be clear about the tax refund policies to avoid problems in the tax refund due to misunderstandings of the policies.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Usually, it is the entrusting party that handles the tax refund. The entrusting party should do a good job in sorting out and preserving the tax refund materials, and at the same time maintain good communication with the agency party to obtain relevant information in a timely manner.