A Painful Lesson of Losing 230,000 RMB in Export Tax Rebate

"Last month, Ms. Li received an extra 170,000 RMB through an agent for export tax rebate, but she still doesn't understand how the money was credited..." This is a true portrayal of many foreign trade practitioners. As an important national policy to encourage foreign trade, export tax rebates often deter many enterprises due to their complex procedures. Today, we will unveil the mystery behind agent export tax rebates.

According to data from the General Administration of Customs, China's total export tax rebate exceeded 1.8 trillion RMB in 2023, but about 30% of SMEs still experience delays or losses due to operational errors. The core value of agency services lies in their professional teams avoiding 9 common issues such as document discrepancies and overdue declarations, reducing the average fund arrival cycle by 45 days.

• Step 1: Qualification Verification

  

  Prepare 5 basic materials including the Customs Electronic Port Card and VAT Special Invoice. The agency will pre-verify the enterprise's export qualifications.

• Step 2: Document Organization

  Conduct compliance checks on 12 types of documents such as packing lists, bills of lading, and foreign exchange verification forms. The error rate in this step is as high as 67%.

• Step 3: System Declaration Entry

  Complete the "single-document matching" of customs declarations and VAT invoices through the Golden Tax Phase III system, where timing is particularly crucial.

Mr. Zhang lost 230,000 RMB in tax refunds last year due to overlooking these details:

• Failing to specially mark export dates and invoice dates that span months
• Inconsistent measurement units between customs declarations and invoices
• Missing the 90-day declaration deadline without applying for an extension

Evaluate based on three dimensions: whether they have Ministry of Commerce-approved qualifications, whether they have served clients in the same industry, and whether they provide a full-process visual tracking system. Practices from Zhongshitong show that professional agencies can increase enterprise tax rebate rates to over 97%.

Export tax rebates are essentially refunds of taxes already paid by enterprises. However, statistics show that out of every 100 foreign trade enterprises, 38 have "unclaimed refunds." Check now: Has your export tax rebate for the past year been fully credited? Are your documents properly archived? Leaving professional tasks to professionals might be the new breakthrough for your profit growth.