"Export Tax Refund Trivia
First, the definition of export tax rebate
Export tax rebate: the full name of the export of goods refund (exemption) tax, refers to the international trade business, the export of goods declared for customs clearance in our country to refund in the domestic production and circulation of all aspects of the tax law in accordance with the provisions of the value-added tax and consumption tax, i.e., the export link is exempted from tax and refund the previous tax link has been the tax payments.
It is a tax measure usually adopted in international trade and accepted by all countries, aiming at encouraging fair competition in exporting goods from all countries. The implementation of the export tax rebate policy has played an important role in supporting and encouraging the development of China's foreign export trade.
The policy has played an important role in supporting and encouraging the development of China's foreign export trade.
Second, the tax types of export tax rebate
The tax types of export goods refund (exemption) mainly include value-added tax (VAT) and consumption tax.
China's Provisional Regulations on Value-added Tax stipulate that "taxpayers exporting goods shall be subject to zero tax rate"; Provisional Regulations on Consumption Tax stipulate that "taxpayers exporting taxable consumer goods shall be exempted from consumption tax".
? ? The Measures for Administration of Tax Refund (Exemption) for Exported Goods (for Trial Implementation) stipulates that unless otherwise specified, exporters may, after the goods are declared for export and the sales are accounted for in the financial accounts, submit the relevant certificates to the local State Tax Bureau (hereinafter referred to as the tax authority) for approval of refund or exemption of their VAT and consumption tax.
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Types of Export Tax Refund
Export tax rebate, export tax exemption, export tax is the three main types of foreign trade export tax rebate.
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Basic Policy of Export Tax Refund
Export tax exemption and refund policy (and exemption and refund). It is the tax exemption for the export sales link, and the input tax refund for the purchasing link before export, i.e., zero tax rate for exported goods, and the state follows the basic principle of "levy how much to refund how much" and "no levy, no refund, no complete tax refund".
The State follows the basic principle of "how much to refund" and "no refund without levy".
Export tax exemption but no tax refund policy (only exemption, not refund). It means that the export sales are exempted from VAT, but the input tax of the purchase is no longer refundable.
① the export of goods before the purchase is tax-free, then the export price of the goods itself does not contain deductible input tax, so there is no need for tax rebates.
② special non-refundable goods specified by the state.
Export is not exempt from tax and tax refund policy (no exemption, no refund). That is, the export link is treated as domestic sales, as usual, also known as the export tax policy, applicable to national restrictions or prohibit the export of goods.
The policy is applicable to goods that are restricted or prohibited from being exported by the state.
V. Four conditions for export tax rebate
? 1. Must be goods belonging to the scope of value-added tax (VAT) and consumption tax (CST);
? 2. must be the goods declared for customs clearance;
? ?3. must be goods that are treated as sales for financial purposes;
? ?4. must be goods that have been collected and cancelled for export.
The goods must be exported and cancelled.
VAT refund (exemption) for exported goods - "exemption, offset, refund".
The concepts of "exemption, credit and refund" in "exemption and refund" tax and "exemption and refund" tax scheme are as follows:
"Exemption": goods and services exported by production enterprises are exempted from VAT in the production and sales process; goods and services exported by foreign trade enterprises are exempted from VAT in the sales process;
"Offset": refers to the refundable input tax on raw materials and spare parts consumed by goods and services exported by production enterprises, which is offset against the tax payable on domestic sales of goods;
"Refund": it means that the tax amount which has not been offset in the current period due to the fact that the input tax amount to be offset is greater than the tax payable for the goods and labour exported by the production enterprises shall be refunded with the approval of the competent tax refund authority; the corresponding input tax amount of the foreign trade enterprises shall be refunded with the approval of the competent tax refund authority.
The corresponding input tax of foreign trade enterprises shall be refunded with the approval of the competent tax refund authority.
VII. Operation Procedure of Export Tax Refund
? 1. Firstly, you can get the cancellation slip online and log in the system. After entering the system, you can choose to collect the export remittance and finally choose to apply for the cancellation slip.
After entering the system, you can choose export collection, and then choose checklist application at the end. 2. After receiving the cancellation order, in accordance with the above operation of the electronic port IC card, as well as the above letter of introduction, after receiving these two things, you can go to the foreign exchange bureau to receive.
? 3. The next step is the most important step is to stop the cancellation of the bill of lading for the record, in accordance with the above instructions to log on to the system to select the export collection, and then finally select the port for the record.
? 4. For customs clearance procedures
(1) You can find a freight forwarder, and then inform the final location of this export, weight and time, they will give a quote according to the company.
(2) The export of goods this time to prepare a power of attorney stamped to the freight forwarder.
(3) Do the packing with the forwarder, and dock with them what time to leave the ship.
(4) all the relevant information must be reported to the freight forwarder.
(5) Freight forwarder to declare customs.
(6) In the original scheduled time for crating, to fill out the packing list.
(7) Generally, the shipment will leave the ship after 2~3 days of packing.
(8) Within 2~3 days after the shipment, the forwarder will pass the bill of lading to the company.
(9) 40 days after the customs declaration, the forwarder will send the customs declaration information to the company.
(9) 40 days after the customs declaration, the forwarder will send the customs declaration information to the company.
Tax refund process
The process of tax refund for foreign trade export includes five links: filing of export tax refund (exemption), declaration of export tax refund, data processing and declaration, audit by tax bureau and receipt of tax refund.
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Calculation of Amount
1. If the export enterprise engages in both domestic sales and export business and its export goods can not be separately accounted for, it shall first calculate the output tax amount for the domestic sales goods and deduct the current input tax amount. The formula is:
(1) sales amount × tax rate? ≧? Undeducted input tax
? ? ? Refundable tax amount = Undeducted input tax amount
(2) Sales amount×tax rate＜uncredited input tax amount
           ? The amount of tax refundable = the amount of sales × the tax rate Tax refundable amount = sales amount × tax rate
? ? ? Input tax carried forward for credit in the next period = Current uncredited input amount - Refundable tax amount
The tax rate
2. If the export enterprise sets up separate inventory account and sales record for the exported goods, the calculation shall be based on the purchase amount and input tax amount listed in the special VAT invoice for the purchased exported goods.
For the enterprises adopting weighted average accounting for both inventory and sales, the refundable tax amount can also be calculated according to the goods with different tax rates respectively:?
??? Refundable tax amount = Quantity of exported goods × weighted average purchase price × tax rate
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X. Business Documents
Purchase contract
Purchase invoice (VAT invoice) (electronic invoice is also acceptable)
Purchase payment bank water bill
Sales contract
Sales invoice (ordinary VAT invoice), foreign sales form invoice (there will be regional differences in the requirements of the tax bureau)
Export collection bank water bill
Logistics documents: export declaration elements, packing list, export release notice, export customs declaration, logistics loading list (shipping list), logistics bill of lading
Other self-retention documents: logistics contracts (orders), logistics invoices, logistics payment bank water bill.
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XI. Failure to pass the act
1, the export enterprises to export in the name of self-management, but does not bear the quality of export goods, settlement or tax rebate risk, that is, the export of goods in the event of quality problems do not bear the responsibility of the foreign party's claims (except for those who agreed to bear the responsibility for the quality of the contract); does not bear the responsibility for the failure to settle the foreign exchange on schedule, resulting in the inability to write off the liability (except for those who agreed to settle the responsibility for the contract); does not bear the responsibility of not declaring the tax rebate of the export of the information, documents and other problems The responsibility for non-refund of tax caused by problems in the information, documents, etc. of export tax rebate declaration.
The following is the list of the export enterprises that are not responsible for the tax refund.
2. The export enterprise exports in the name of self-supporting, and its export business is essentially completed by other operators (or enterprises, individual operators and other individuals) other than the enterprise and its invested enterprises operating under the name of the export enterprise.
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After the customs inspection and release of the exported goods, the exporting enterprise itself or entrusts the forwarding carrier to modify the name and specification of the goods on the ocean bill of lading of the goods (in case of other modes of transport, the transport document handed over by the carrier to the consignor shall prevail), resulting in the discrepancy between the customs declaration of the exported goods and the relevant contents of the ocean bill of lading.
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The export enterprise hands over the blank export goods declaration, export collection and cancellation slip and other export tax refund (exemption) documents to other units or individuals except for the freight forwarding company or customs broker who has signed the entrustment contract, or the freight forwarding company designated by the foreign importer (providing contractual agreement or other relevant certificates).
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5, the export enterprise to export in the name of self-employment, its export of the same batch of goods both signed a purchase contract, and signed an export agency contract (or agreement).
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6, the export enterprise is not substantially involved in export business activities, accept and engage in other export business introduced by the intermediary, but still export in the name of self-employment.
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XII, the scope of taxation
Goods for which the state explicitly stipulates that no VAT refund (exemption) shall be granted;
2、Exporting enterprises sell household consumption goods and means of transport to special regions;
3. Goods exported during the period when the export enterprises are stopped by the tax authorities from applying for VAT refund (exemption) due to fraudulent export tax refund;
4. Goods for which the exporting enterprises provide false filing documents;
Goods for which the exporting enterprises have forged or inaccurate VAT refund (exemption) vouchers;
6, exporting enterprises have not declared tax-free write-offs within the period stipulated by the State Administration of Taxation as well as exported cigarettes that are not tax-free write-offs after examination by the competent tax authorities;
7. There are irregular business practices.
Attention! Export tax rebate to meet four conditions:
① taxable goods? ② goods leaving the country? ② goods leaving the country? ② Goods leaving the country? ③ confirmed sales? ③The sale has been confirmed. ④Collection of foreign exchange and cancellation is completed."
