Are You Aware of These Big Pitfalls in Filling out the VAT Return Form for Export Tax Rebate Enterprises?

Export tax rebate is not only an important tax policy for enterprises but also a key factor in enhancing their competitiveness. However, export tax rebate enterprises often face numerous complex situations and difficulties in filling out the VAT return form. Today, let's jointly conduct an in-depth analysis of the relevant key points in filling out the VAT return form for export tax rebate enterprises to help enterprises fill it out accurately and fully enjoy the policy dividends.

Export tax rebate, simply put, is to refund the VAT and consumption tax that have been paid in accordance with the tax laws in China for the goods exported through customs declaration. This policy aims to enable domestic products to enter the international market at a tax-excluded cost and compete with foreign products under the same conditions, thereby enhancing their competitiveness and expanding export earnings.

There are several key columns in the VAT return form that are closely related to export tax rebate. First, the column of "Export Sales under the Exemption, Credit and Refund Method" should be filled with the sales amount of the exported goods, labor services and cross-border taxable activities of the taxpayer that are applicable to the exemption, credit and refund method in the current period. This data should be consistent with the amount of export sales revenue recorded in the accounts of the export enterprise.

Secondly, the column of "Tax Amount Not Exempted and Non-deductible in the Current Period" reflects the tax amount not exempted and non-deductible in the current period for the exported goods, labor services and cross-border taxable activities calculated according to the regulations. The calculation formula is: Tax Amount Not Exempted and Non-deductible in the Current Period = FOB Price of Exported Goods in the Current Period × Foreign Exchange RMB Conversion Rate × (Applicable Tax Rate of Exported Goods - Tax Rebate Rate of Exported Goods) - Deduction Amount of Tax Amount Not Exempted and Non-deductible in the Current Period.

• General trade export of production enterprises: When filling out the VAT return form, the export sales amount should be filled in the column of "Export Sales under the Exemption, Credit and Refund Method". At the same time, the calculated tax amount not exempted and non-deductible in the current period should be filled in the corresponding column. If there is a tax refund amount due in the current period, it should be correctly declared in the declaration system, and the relevant data adjustment should be reflected in the VAT return form.
• Export of foreign trade enterprises: Foreign trade enterprises implement the "Exemption and Refund" tax method for exported goods. When filling out the VAT return form, the export sales amount should be filled in the relevant columns of "Tax-free Sales Amount". For the special VAT invoices obtained by foreign trade enterprises for the purchased goods, the input tax amount cannot be used to deduct the output tax amount of the domestic sales goods and needs to be transferred out accordingly.

Filling out the VAT return form for export tax rebate enterprises, the filling of each data is related to the vital interests of the enterprise and tax compliance. A slight mistake may lead to incorrect declaration and trigger tax risks. Therefore, the financial personnel of the enterprise must strengthen the study and understanding of relevant policies, carefully check each item of data to ensure the accurate filling of the return form. Meanwhile, if there are any doubts during the filling process, they can promptly consult the local tax authorities or professional tax service agencies, such as Zhongshitong, to obtain accurate guidance. Only in this way can enterprises fully enjoy the benefits brought by the export tax rebate policy and achieve stable development.