Generally speaking, the handling entity of the export agency tax refund depends on the agreement of the entrusted agency agreement. There are two common situations:
One is that the principal handles the tax refund by itself. The principal needs to have professional financial and tax knowledge and be familiar with the export tax refund process. When handling it, a series of materials such as the export goods declaration form, export invoice, and purchase invoice need to be prepared, and the tax refund should be declared to the tax authorities according to the specified process.
The other is that the export agency company handles the tax refund. If choosing an export agency company like Zhongshitong to handle it, the agency company has a professional team and is more familiar with the process. The agency company needs to collect relevant materials provided by the principal and apply for the tax refund to the tax authorities in the name of the principal. The tax refund amount generally first goes to the agency company's account and then is transferred by the agency company to the principal. In either way, it is necessary to ensure that the materials are true and complete and operate according to the specified process.
Professional consultant answers
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Generally speaking, the handling entity of the export agency tax refund depends on the agreement of the entrusted agency agreement. There are two common situations:
One is that the principal handles the tax refund by itself. The principal needs to have professional financial and tax knowledge and be familiar with the export tax refund process. When handling it, a series of materials such as the export goods declaration form, export invoice, and purchase invoice need to be prepared, and the tax refund should be declared to the tax authorities according to the specified process.
The other is that the export agency company handles the tax refund. If choosing an export agency company like Zhongshitong to handle it, the agency company has a professional team and is more familiar with the process. The agency company needs to collect relevant materials provided by the principal and apply for the tax refund to the tax authorities in the name of the principal. The tax refund amount generally first goes to the agency company's account and then is transferred by the agency company to the principal. In either way, it is necessary to ensure that the materials are true and complete and operate according to the specified process.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
Usually, if the agreement does not have special provisions, whoever receives the foreign exchange will handle the tax refund. If the agency company receives the foreign exchange, most likely it will be the agency company that handles the tax refund. However, it still depends on how the contract is signed.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
If the principal has the ability to handle tax - related matters by itself, it can also handle the tax refund by itself. In this way, it may have more direct control over the tax refund progress and so on.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
Some agency companies, in order to attract customers, will handle the tax refund in full, which saves the principal's trouble. But pay attention to the reputation and professionalism of the agency company to avoid delaying the tax refund.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
From the perspective of actual operation, having a professional agency company handle the tax refund may be more efficient. After all, they have rich experience and are more aware of policy changes.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
No matter who handles the tax refund, the preparation of materials is crucial. Documents like the declaration form and invoices must not be missing, otherwise, it will affect the tax refund progress.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
If the principal is not familiar with the tax refund process, it is recommended to entrust it to the agency company. However, it is necessary to clearly define the responsibilities of both parties and the handover of the tax refund amount in the agreement.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Before handling the tax refund, it is best to consult the local tax authorities first to understand the latest policies and specific requirements. This will make the process smoother no matter who handles it.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
Sometimes, the principal and the agency company can also negotiate and divide the work to handle the tax refund. For example, the principal prepares the basic materials, and the agency company is responsible for subsequent operations such as declaration.