Who should the export tax rebate for foreign trade agency be paid to? Come and get your doubts cleared!
Solved#Export tax rebate#
Our company conducts export business through a foreign trade agency, and now it involves the issue of export tax rebate. We are not quite sure who should pay this export tax rebate. Should it be paid to the foreign trade agency and let them handle the tax rebate related matters, or should we, as the actual exporter, handle and receive the tax rebate funds? We hope that a professional can provide a detailed answer to let us clearly understand the process and regulations involved.
Professional consultant answers
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
The ownership of the export tax rebate for foreign trade agency depends on the agency model. There are two common models. One is the regular agency model. The foreign trade agency only provides agency services and charges an agency fee. At this time, the actual exporter, that is, the principal, is responsible for declaring the export tax rebate, and the tax rebate funds are refunded to the principal. This is because the principal is the actual owner of the goods and bears the export risks and benefits.
The other is the buyout agency model. The foreign trade agency buys out the goods for export. At this time, the foreign trade agency exports in its own name and declares the tax rebate, and the tax rebate funds belong to the foreign trade agency. Because in this case, the foreign trade agency becomes the exporter in the legal sense and bears the main responsibility for the export of the goods. Therefore, you need to first clarify which model you and the foreign trade agency are using to determine who should pay the export tax rebate.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
If it is a regular agency, generally the actual exporting enterprise will submit the materials to the agency, and the agency will help organize and declare, and the tax rebate will finally go to the actual exporting enterprise.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
If it is a buyout agency, it is equivalent to the agency buying the goods and exporting them, so the tax rebate will naturally go to the agency company.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
See how the contract stipulates. If there is no special stipulation, it will be handled according to the regular agency, and the tax rebate belongs to the actual exporter.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Under the regular agency, the actual exporting enterprise should prepare all kinds of documents, and the agency will declare to the tax bureau, and the tax rebate will go to the actual exporting enterprise.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
Under the buyout model, the agency's operation is more like self-operated export, and the tax rebate will go into the agency's pocket.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
First figure out the nature of the agency. For the regular agency, the tax rebate goes to the principal, and for the buyout type, it goes to the agency.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
Usually, for regular agency exports, the main body of the tax rebate is the actual exporting enterprise, and the agency assists in handling.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
If the contract stipulation is not clear, it is crucial to see who declares the customs clearance in whose name. Whoever declares the customs clearance will handle the tax rebate.