Was 200,000 yuan of foreign trade tax rebate deducted? 90% of people overlooked these 3 points

Mr. Zhang stared at the arrival notice popped up on his mobile banking, repeatedly counting the zeros at the end of the amount. This was the first time in three years of his foreign trade business that he fully received the 13% export tax rebate. In the past two years, due to missing a form and choosing the wrong settlement method, he got at least 200,000 yuan less in tax rebates. Today, we are going to uncover the key rules of foreign trade payment and tax rebate "hidden in the terms".

Many foreign trade people regard tax rebates as "windfalls", but in fact export tax rebate is an international practice under the WTO framework. China implements a "zero - tax rate" for exported goods, and improves the international competitiveness of enterprises by refunding value - added tax and consumption tax. However, Ms. Li once ran into trouble: She received overseas payments through a personal account, resulting in her inability to provide the transaction records of a corporate account, and ultimately lost 9% of the tax rebate.

• It must be through settlement channels recognized by the State Administration of Foreign Exchange (such as cross - border RMB, letter of credit)
• The customs declaration form, value - added tax invoice, and foreign exchange receipt voucher should be "unified in the three streams"
• Cross - border e - commerce needs to distinguish between supervision codes such as "9710" and "9810"

Data from the tax bureau of a certain place in 2023 shows that among the cases of tax rebate failure due to payment problems:

• Third - party payments such as PayPal account for 47% (unable to link to customs declaration information)
• Forward letters of credit account for 32% (an additional filing is required for a foreign exchange collection period exceeding 90 days)
• Payment on behalf and collection on behalf account for 21% (notarization of the capital payment - on - behalf agreement is required)

Zhongshitong Foreign Trade Consultants suggest: When signing a new contract, be sure to state in the payment terms that "traceable cross - border bank settlement" is required.

1. Proforma invoice trap: When a customer requests to split the goods into two invoices, "samples + goods", if the sample amount exceeds 5% of the total price, the tax rate of the whole batch of goods may be re - approved.

2. Logistics time difference: If the export is in December and the foreign exchange is received in January of the following year, a "cross - year foreign exchange collection explanation" needs to be submitted to the Electronic Tax Bureau, otherwise the system will automatically consider it overdue.

3. Exchange rate fluctuations: It is converted according to the exchange rate on the first working day of the month of customs declaration. If the exchange rate of US dollar settlement drops by more than 2%, a certificate of the difference needs to be submitted.

Open the "Export Tax Rebate" module of the Electronic Tax Bureau and check in sequence:

• Whether all customs declaration forms show the "closed" status
• Whether the product name on the value - added tax invoice completely matches the HS code
• Whether the amount of foreign exchange received is ≥ (customs declaration amount × 90%)

If any abnormalities are found, be sure to apply for correction before April 15th of the year following the export of the goods. Have you ever encountered "hidden deductions" in your last tax rebate? Welcome to share your coping experience in the comment section.