How on earth is the export tax rebate calculated? Come and see if you've got it right!

On the stage of international trade, the export tax rebate is like a powerful booster, helping enterprises become more competitive in the overseas market. Simply put, the export tax rebate refers to the refund by the state of the value-added tax and consumption tax paid in accordance with the tax laws during various domestic production and circulation links for the goods declared for export. For example, if you are a clothing manufacturing enterprise and your products are exported abroad, the state will refund to you part of the taxes previously levied during the production and sales links.

Generally speaking, enterprises with the right to engage in import and export operations, such as foreign trade enterprises and manufacturing enterprises, can handle the export tax rebate. In addition, some manufacturing enterprises that do not have the right to engage in import and export operations but entrust foreign trade enterprises to export their self-produced goods on their behalf are also within the scope of the export tax rebate. For example, Mr. Zhang's factory, although it does not have the independent right to engage in import and export, can also apply for the export tax rebate by entrusting a qualified foreign trade company to export on its behalf.

There are mainly two calculation methods for the export tax rebate. Manufacturing enterprises generally adopt the "exemption, credit, and refund" tax method, while foreign trade enterprises adopt the "levy first and refund later" method.

For the "exemption, credit, and refund" tax calculation of manufacturing enterprises: First, the "exemption" means exempting the value-added tax in the production and sales links of the enterprise. For example, Ms. Li's electronics factory exports a batch of electronic products, and the value-added tax in the export link is directly exempted.

The "credit" means that for manufacturing enterprises, the input tax amount that should be refunded contained in the raw materials, components, fuels, power, etc. consumed for exporting self-produced goods is used to offset the taxable amount of the goods sold domestically. Suppose the electronics factory also has domestic sales business, the input tax amount corresponding to the exported goods can be used to offset the value-added tax that should be paid for the domestic sales goods. The "refund" means that when the input tax amount that should be offset in the current month for the self-produced goods exported by the manufacturing enterprise is greater than the taxable amount, the un-offset part will be refunded.

The specific calculation formula is: The current taxable amount = The output tax amount of the current domestic sales goods - (The current input tax amount - The current amount of tax that cannot be exempted, credited, and refunded for exemption, credit, and refund) - The tax amount carried forward from the previous period

The current amount of tax that cannot be exempted, credited, and refunded for exemption, credit, and refund = The free-on-board price of the exported goods × The foreign exchange RMB exchange rate × (The tax rate for the exported goods - The tax rate for the refund of the exported goods) - The amount of deduction for the tax that cannot be exempted, credited, and refunded for exemption, credit, and refund

The amount of deduction for the tax that cannot be exempted, credited, and refunded for exemption, credit, and refund = The price of the tax-free purchased raw materials × (The tax rate for the exported goods - The tax rate for the refund of the exported goods)

The current amount of exemption, credit, and refund = The free-on-board price of the exported goods × The foreign exchange RMB exchange rate × The tax rate for the refund of the exported goods - The amount of deduction for the amount of exemption, credit, and refund

If the tax amount carried forward from the previous period at the end of the current period ≤ The current amount of exemption, credit, and refund, then the current refundable tax amount = The tax amount carried forward from the previous period at the end of the current period, and the current amount of exemption and credit = The current amount of exemption, credit, and refund - The current refundable tax amount; if the tax amount carried forward from the previous period at the end of the current period > The current amount of exemption, credit, and refund, then the current refundable tax amount = The current amount of exemption, credit, and refund, and the current amount of exemption and credit = 0.

The "levy first and refund later" calculation for foreign trade enterprises is relatively simple. The refundable tax amount = The purchase amount of foreign trade without including the value-added tax × The tax rate for the refund. For example, Zhongshitong Foreign Trade Company purchases a batch of goods with a tax-excluded amount of 1 million yuan and a tax rate for the refund of 13%. Then the refundable tax amount = 100 × 13% = 130,000 yuan.

Enterprises should promptly declare the export tax rebate and collect all relevant documents within the specified time, such as export customs declarations, export invoices, purchase invoices, etc. At the same time, ensure the accuracy of the declared data, fill in all information truthfully, and avoid the failure of the rebate application due to data errors. In addition, pay attention to policy changes. The export tax rebate policy may be adjusted according to the national economic situation, and enterprises need to understand and adapt to the new policy in a timely manner.

The export tax rebate is an important policy benefit for enterprises. Correctly calculating and handling the export tax rebate can save costs for enterprises and enhance their competitiveness in the international market. It is hoped that all enterprise owners can have a in-depth understanding of the calculation methods and handling procedures of the export tax rebate and fully enjoy this policy dividend.