Export tax rebates are a policy where the government refunds the value-added tax (VAT) and consumption tax actually borne by export goods during domestic production and circulation to avoid international double taxation when goods are declared for export.
Why do production export enterprises enjoy exemption, credit, and refund policies, while foreign trade enterprises only receive exemption and refund without credit?
The most significant feature of Golden Tax Phase IV is the establishment of a comprehensive enterprise information verification system. After its implementation, businesses must strengthen tax awareness and compliance management, prudently reduce tax burdens, and mitigate tax risks.
Can an export agency handle tax refunds for entrusted exports? The answer is yes. Below is the tax refund process for export agency by a trading company.
According to the Regulations of the Peoples Republic of China on Import and Export Duties and related regulations, as of January 1, 2023, the import and export tariffs of some commodities have been adjusted.
Export enterprises should pay special attention to declaration procedures when handling export tax rebates and maintain strict time management to avoid losses.
The Export Goods Tax Refund (Exemption) Management Measures stipulate that all export goods subject to or should be subject to VAT and consumption tax can apply for tax refund (exemption) in accordance with national regulations.
The company has just started engaging in foreign trade and is not familiar with the foreign trade process. It doesnt know what to do. This revision is aimed at correctly implementing the export tax rebate policy, strengthening export tax rebate management, and preventing and combating export tax rebate fraud. Today, lets learn about the export tax rebate form.