Our company entrusted Zhongshitong to import a batch of goods and now has obtained the import tax invoice. I would like to ask who should actually deduct this tax invoice for agency import? Is it our principal or the agent Zhongshitong? What key points should be noted during the deduction process? I hope to get a detailed answer. Thank you!
Our company has agency import business, but we don't know how to handle the tax invoices for agency imports. The best answer states that first, clarify the information of the goods, truthfully declare and submit documents such as contracts when making customs declarations. After the customs reviews and calculates the taxes and fees, upon payment of the taxes and fees, the special payment receipts for import tariffs and value-added tax, that is, the tax invoices for agency imports, will be issued. Pay attention to filling in the payee of the payment receipt and the authenticity of the materials.
The company entrusts Zhongshitong to act as an agent for importing goods. After obtaining the import tax invoice, it doesn't know who should make the deduction. The best answer is that it depends on the specific situation. If the principal obtains a special VAT invoice issued by the agent, it can make the deduction based on the invoice. If the agent imports in its own name and sells to the principal, the agent makes the deduction based on the customs duty payment certificate, and the principal makes the deduction based on the agent's invoice. The key is to see who bears the tax and obtains a legal tax deduction certificate.
I'd like to know if there are customs duty tax invoices for agency import, and whether the tax invoices are issued to the agency company or the actual importer. The best answer points out that there are customs duty tax invoices for agency import. If the agency company imports in its own name, the tax invoice will have dual headers; if it imports in the name of the actual importer, the tax invoice will be directly issued to the actual importer. During the operation, it is necessary to communicate well with the agency company in advance about the handling method of the tax invoice.
It is stated that a company entrusts an agency company to import goods, and there is a disagreement between the two parties regarding the ownership of the tax invoice. The agency company believes that since it is responsible for the import process, the tax invoice should belong to it. The inquiring party, on the other hand, thinks that as the actual owner of the goods, the tax invoice should belong to itself. It is asking who the tax invoice should actually belong to. The best answer points out that the ownership of the tax invoice usually follows the principle of "Who pays the tax, the tax invoice belongs to whom". The contract should clarify relevant issues. Otherwise, the two parties can negotiate according to this principle or take legal measures.
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Professional consultant answers
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
Under normal circumstances, if the VAT special payment receipt for agency-imported goods indicates both the name of the agent and the name of the principal, the principal can declare and deduct the input tax amount to its competent tax authority based on this tax invoice. However, if only the name of the agent is indicated, usually the agent makes the deduction.
If the principal wants to make the deduction, in addition to the tax invoice with dual payee names, it also needs to have documents such as the agency contract and payment vouchers to prove the authenticity of the business.
For the agent, if it wants to make the deduction, it should import in its own name and assume the corresponding tax obligation. In short, it is necessary to strictly determine the deduction entity based on relevant tax regulations and specific business circumstances to avoid tax risks.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
If it is a tax invoice with dual payee names and the principal has obtained documents such as the agency fee invoice issued by the agent, it is more appropriate for the principal to make the deduction.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
If in the import business, the agent is only acting as a pure agent and does not assume risks such as ownership of the goods, then it should be the principal who makes the deduction.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
From the perspective of capital flow, if the principal has paid for the payment for goods, VAT, etc. of the imported goods, it may be more inclined to the principal making the deduction.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
The payee name on the tax invoice is crucial. If it is a single payee name, the possibility of the agent making the deduction is high. If it is a dual payee name, it depends on the actual situation and the agreement between the two parties.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
Check if there are any clauses in the contract regarding the deduction of the tax invoice. It will be less troublesome to follow the agreement.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
Accounting treatment also needs to be considered, such as who conducts the cost accounting of the imported goods, which also affects the deduction entity.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
In actual operation, it is recommended to consult the local tax authority and follow their reply to avoid subsequent problems.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
If the agent has advanced tax payments, etc., perhaps it is more reasonable for the agent to make the deduction. Analyze the specific situation.