"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 export tax rebate policy, the development of China's foreign export trade has played an important role in supporting and encouraging.
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 exporters who export goods on their own or on commission may, unless otherwise specified, submit the relevant certificates to the local State Tax Bureau (hereinafter referred to as the tax authority) for approval of refunding or exempting VAT and consumption tax after the goods are declared at customs for exportation and after the sales accounting is made in the financial aspect.
Types of Export Tax Refund
Export tax rebate, export tax exemption and export tax levy are the three main types of export tax rebate in foreign trade.
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".
Export tax exemption but not refund policy (only exemption but 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 of 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 sector is treated as domestic sales, taxed as usual, also known as the export tax policy, applicable to national restrictions or prohibit the export of goods.
V. Four conditions for export tax rebate
1. must be the goods belonging to the scope of value-added tax and consumption tax;
2. must be the goods declared for customs clearance and departure;
3. the goods must be treated as sales for financial purposes;
4. the goods must be exported and collected and cancelled.
VAT Refund (Exemption) for Exported Goods - "Exemption, Offsetting and Refunding".
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 period when the goods and services exported by the production enterprises are more than the tax payable due to the offsetting of the input tax amount is approved by the competent tax refund authority shall be refunded; and the corresponding input tax amount of the foreign trade enterprises shall be refunded after the approval of the competent tax refund authority.
Operation Procedure of Export Tax Refund
1. Firstly, you can get the cancellation slip online, log in the system, enter the system, choose export collection, and finally choose the cancellation slip to apply for.
2. After receiving the cancellation form, in accordance with the above operation claimed 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 order 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.
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.
Amount Calculation
1. If an export enterprise engages in both domestic sales and export business and its export goods cannot 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≧uncredited input tax amount
Refundable tax amount=uncredited input tax amount
(2) Sales amount×tax rate＜uncredited input tax amount
Refundable tax = sales amount × tax rate
Input tax carried forward to the next period for deduction = current un-deductible input tax - refundable tax
2. If the export enterprise sets up separate inventory and sales records for the exported goods, the calculation shall be based on the purchase amount and input tax amount listed in the 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 separately according to the goods with different tax rates: refundable tax amount = quantity of exported goods × weighted average purchase price × tax rate
Business documents (hereinafter referred to as list)
Purchase contract
Purchase invoice (VAT special invoice) (electronic special invoice is also acceptable)
Purchase payment bank water bill
Sales contract
Sales invoices (ordinary VAT invoices), invoices in the form of export sales (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, etc.
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, foreign exchange settlement or tax rebate risk, that is, the export of goods in the event of quality problems do not bear the responsibility for foreign 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 responsibility (except for those who agreed to bear the responsibility for the settlement of the contract); does not bear the responsibility of not refunding taxes due to the declaration of the export tax rebate of the information, documents and other problems The responsibility for non-refund of tax caused by problems in the information, documents and other documents declared for export tax rebate.
(2) The export enterprise exports in the name of self-management, 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 under the name of the export enterprise.
3, the export of goods in the customs inspection and release, the export enterprise itself or commissioned the freight forwarding carrier of the goods on the sea bill of lading (other modes of transport, to the carrier to the consignor of the transport documents shall prevail) on the name of goods, specifications, etc. to modify, resulting in the export of goods declaration and the relevant content of the sea bill of lading does not match.
4, the export enterprise will be blank export goods declaration, export collection and cancellation of export receipts and other export tax refund (exemption) documents to be handed over to other units or individuals in addition to the signing of the commission contract of the freight forwarding company, customs brokerage firms, or by the foreign importer of the designated freight forwarding company (to provide contractual agreements or other relevant proof).
5, the export enterprise to export in the name of self-employment, its exports of the same batch of goods signed both the purchase contract, and signed an export agency contract (or agreement).
6. The export enterprise is not substantially involved in the export business activities, accepts and engages in other export business introduced by the intermediary, but still exports in the name of self-employment.
Scope of Taxation
Goods for which the state explicitly stipulates that VAT refund (exemption) is not allowed;
2. Living consumption goods and means of transport sold by export enterprises to special regions;
Goods exported during the period when the exporting enterprises are stopped by the tax authorities from handling 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 rebates to meet the four conditions:
① taxable goods ② goods leaving the country ③ confirmed sales ④ foreign exchange collection and write-off completed"
