Is the money from export tax rebates free for the taking?
"Mr. Zhang recently found an 'unexpected windfall' on the company's account - it was the tax refund obtained through agency export tax rebates, which was equivalent to a direct 8% increase in profits!" Such stories are not uncommon in Jinan's foreign trade circle. Although export tax rebates are an important national policy to encourage foreign trade, many enterprises are deterred by the complex process. This article will take you to deeply analyze how Jinan's agency export tax rebate institutions become the "finance and tax butlers" of foreign trade enterprises.
Export tax rebates involve the cooperation of multiple departments such as customs, taxation, and foreign exchange. The declaration materials alone include 12 types of documents such as customs declarations, value-added tax invoices, and foreign exchange receipt vouchers. Ms. Li's enterprise was returned the documents 3 times because the product name on the invoice differed by one character from that on the customs declaration, and finally missed the declaration deadline. The value of professional agencies lies in:
- Avoiding low-level mistakes such as "failure in formal review"
- Tracking policy changes in real-time (such as the adjustment of export tax rebate rates in 2023)
- On average, shortening the tax rebate cycle by 45%
Local service institutions represented by Zhongshitong have advantages far beyond basic declarations:
- Pre-risk control: Discover loopholes in contract terms in advance through "document pre-review"
- Data linkage: The technology of automatically matching data between the electronic port and the tax system
- Scenario-based services: Special solutions such as tax rebates for the cross-border e-commerce 9810 model
The service institutions in the Jinan market vary in level. It is recommended to focus on:
- Whether it has the import and export qualifications approved by the Ministry of Commerce
- Whether there are cases in the same industry among its historical customers
- Whether it can provide a commitment on the time limit for the tax refund to reach the account
- Whether it has a full-time tax lawyer team
- Whether it supports full-process online tracking
If you are engaged in foreign trade business in Jinan, you might as well do three things this week: Calculate the potential tax rebates for the past three years, organize the latest export documents, and make an appointment with a professional consultant for a free assessment. Export tax rebates are not an "optional item" but a "mandatory question" for each export order. When are you going to activate this neglected cash flow? Welcome to share your tax rebate stories in the comment section.
- Further Reading
- What materials are needed for export tax rebate
- Stop groping blindly! A Complete Revelation of the Import and Export Tax Rebate Process in Qianhai
- Pan'an Agency Export Tax Rebate, do you really understand it?
- Export Tax Rebate Thunderstorm! 90% of Enterprises Have Fallen into These Traps
- Is the agency export tax rebate charge in Shaanxi as high as 10%?
- Do Hubei enterprises miss out on 100 million yuan every year? Don't step into these pitfalls in export tax rebates
If you require China procurement agency or import-export agency services, please get in touch with us through the following channels. Our professional consultants will reach out to you promptly for personalized support.
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