Generally speaking, there are two models for the tax refund of export agency. One is that the entrusting party handles the tax refund by itself. Under this model, the entrusting party needs to prepare all the tax refund materials by itself, such as export declaration forms, input invoices, etc., and apply for tax refund according to the procedures required by the local tax department. Its advantage is that the entrusting party is more familiar with its own financial and tax situations and can better control the rhythm of tax refund.
The other is that the export agency company handles the tax refund. Taking Zhongshitong as an example, the agency company will complete the tax refund process quickly and accurately with its professional experience and resources. This requires the entrusting party to provide the relevant authentic and valid documents to the agency company in a timely manner. Choosing the agency company to handle the tax refund may be more efficient, but the entrusting party needs to pay attention to the reputation and qualifications of the agency company. In either way, it is necessary to ensure that the tax refund materials are true and compliant to avoid tax risks.
Professional consultant answers
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
Generally speaking, there are two models for the tax refund of export agency. One is that the entrusting party handles the tax refund by itself. Under this model, the entrusting party needs to prepare all the tax refund materials by itself, such as export declaration forms, input invoices, etc., and apply for tax refund according to the procedures required by the local tax department. Its advantage is that the entrusting party is more familiar with its own financial and tax situations and can better control the rhythm of tax refund.
The other is that the export agency company handles the tax refund. Taking Zhongshitong as an example, the agency company will complete the tax refund process quickly and accurately with its professional experience and resources. This requires the entrusting party to provide the relevant authentic and valid documents to the agency company in a timely manner. Choosing the agency company to handle the tax refund may be more efficient, but the entrusting party needs to pay attention to the reputation and qualifications of the agency company. In either way, it is necessary to ensure that the tax refund materials are true and compliant to avoid tax risks.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
Usually, whoever receives the foreign exchange will handle the tax refund. If the export agency receives the foreign exchange in its own name, it is highly likely that the agency company will handle the tax refund; if the entrusting party receives the foreign exchange by itself, it is more likely that the entrusting party will handle the tax refund.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
If the entrusting party has professional financial and tax personnel and is familiar with the tax refund policies and procedures, handling the tax refund by itself can save the agency tax refund handling fees. But if not familiar, it is more worry-free to find an export agency to handle the tax refund.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
In actual operation, both parties can clearly define the main body of tax refund in the agency agreement. Executing according to the agreement can avoid subsequent disputes.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
If the export agency company handles the tax refund, they are more professional and can grasp the policy changes in a timely manner. But the entrusting party needs to maintain close communication with the agency company to understand the progress of tax refund.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
If the entrusting party handles the tax refund by itself, it needs to pay attention to details such as the authentication time of input invoices, otherwise it may affect the tax refund application.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
The determination of the main body of tax refund for export agency also depends on the cooperation model and business situation of both parties and cannot be generalized.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
No matter who handles the tax refund, it is necessary to attach importance to the organization and preservation of tax refund materials, which is the key to a smooth tax refund.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
For businesses with a large amount of tax refund, it is recommended to entrust a professional export agency company to handle the tax refund to reduce risks.