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Export tax rebate
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Export tax refund means that in international trade business, goods declared for export to China are returned to the value-added tax and consumption tax paid in accordance with the tax law in the domestic production links and circulation links, that is, the export link is exempt from tax and the tax paid in the previous tax link is refunded.
THREE COMMON TYPES OF EXPORT TAX REBATES IN FOREIGN TRADE
1. Export tax refund: export tax exemption and tax refund policy (both exemption and refund)
Export sales of goods are exempt from sales tax; The input tax in the procurement process before export shall be refunded. That is, the implementation of a zero tax rate on export goods, and the state follows the basic principle of "how much to refund" and "not to refund completely".
2. Export tax exemption: export tax exemption but no tax refund policy (only free not refundable)
Export sales of goods are exempt from sales tax; However, the input tax on the purchase process before export is not refunded. Generally belong to the following two situations:
· Before the export of goods, the purchase of goods is duty-free. Therefore, the goods themselves do not contain the input tax that can be deducted, so there is no need to refund.
· Goods that cannot be refunded by the state, or goods with a tax rebate rate of "0".
3. Export tax: export tax exemption and tax refund policy (unavoidable)
This generally applies to goods whose export is restricted or prohibited by the State; The export link is regarded as domestic sales, and is taxed as usual, and there is no tax rebate.
CONDITIONS FOR ENTERPRISES TO APPLY FOR EXPORT TAX REFUND
1. Enterprises registered in China according to law and have obtained business licenses issued by the administrative department for industry and commerce.
2. Enterprises have the right to import and export goods, that is, enterprises need to apply for import and export rights
3. The enterprise is a general taxpayer and has completed the "Export tax refund (exemption) filing".
4. The goods to be exported must be physical exports and not services or other forms of export
5. The exported goods must conform to the national export policy and the scope of tax refund.
EXPORT TAX REBATE OPERATION PROCESS
Export tax refund (exemption) filing → information review → tax refund declaration → Tax bureau review → receipt of tax refund
DOCUMENTS TO BE PREPARES FOR EXPORT TAX REFUND
· Procurement Contract
· Purchase invoice (VAT special invoice, ordinary invoice cannot be refunded)
· Bank payment voucher
· Sales Contract
· Sales invoice
· Export invoice (tax free)
· Bank receipt (the currency should be consistent with the customs declaration form)
· Domestic logistics transport documents: goods transport contract, goods transport invoice
· Export declaration documents: export goods declaration form, customs clearance paperless export release notice, packing list, bill of lading
JTS CONSULTING CO., LTD has a first-class industry elite team, more than 10 years of financial and tax experience, familiar with China's tax law, providing bilingual services in both Chinese and English, and is committed to escort the development of Chinese investment enterprises.
