What is export tax rebate? Export tax rebate evaluation

Export tax rebate refers to the refund of value-added tax and consumption tax already paid domestically in accordance with tax laws for goods declared for export.

Export tax rebate needs to meet the following conditions

1. The goods produced or exported must be goods or products subject to value-added tax or consumption tax.

2. The goods must be declared for export.

3. The goods must be products that the company is exporting.

4. The goods must be products that have been collected and verified.

Note: If you are a goods manufacturer, you must add one more condition when applying for export tax refund, that is, the goods for which you apply for tax refund must be the manufacturer's self-produced goods or deemed to be self-produced goods. In addition, the enterprise must have the right to import and export, entrust a foreign trade enterprise to act as an export agent, or be a foreign-invested enterprise.

Documents required for tax refund declaration

1. Verification form (special form for tax refund, which has been verified);

2. Customs declaration form (special copy for tax refund), provided that the form has been submitted in the export tax refund sub-column under the electronic port;

3. Input invoice (certified);

4. Export invoice (this document is not required in some places);

5. Purchase contract;

6. Purchase special VAT invoice;

7. Packing list;

8. Letter of authorization for customs declaration;

9. Sales contract, logistics waybill and exchange settlement receipt or receipt. If the product needs commodity inspection, the commodity inspection form of the product is also required.

Tax refund form

1. Export duty-free and tax refund: refers to that no value-added tax is levied on the goods during the export sales stage, and the tax burden actually borne by the goods before export is refunded after calculation according to the prescribed tax refund rate.

2. Export duty-free and no tax refund: It means that no value-added tax is levied on the goods during the export sales stage, and because such goods are tax-free in the previous production, sales or import stages, the price of the goods during export does not include tax and no tax refund is required.

3. No tax exemption or tax refund for export: No tax exemption for export means that certain goods that are restricted for export by the state are regarded as domestic sales at the export stage and are taxed as usual. No tax refund for export means that the actual tax borne before export will not be refunded for these goods. This policy is mainly applicable to goods that are restricted for export listed in the tax law.

Operational procedures for export tax rebates

Within the specified time:

1. Collect all the documents required for tax refund (exemption) of exported goods;

2. Use the export tax rebate declaration system for production/foreign trade enterprises;

3. Enter the tax refund application information and generate electronic application data;

4. Submit the relevant documents and declaration forms of the exported goods to the competent tax refund authority for review and processing of tax refund.

Calculate export tax rebate amount

The calculation of export tax rebate is based on the FOB price, and needs to be based on the VAT invoice or consumption tax invoice issued by the domestic manufacturer. If the invoice price issued by the manufacturer already includes transportation costs or insurance premiums, then the transportation costs and insurance premiums must be deducted before calculation.

See the formula below for details:

Current tax payable = current output tax - (current input tax - tax that cannot be exempted or deducted for tax refund)

(The amount of tax that cannot be exempted or deducted during the current period of tax exemption and refund) is the amount removed

Amount removed = (export FOB - duty-free purchase price of raw materials) × (tax rate - tax refund rate)

Subtracting the price of tax-free raw materials means that the current input tax does not include the input tax of tax-free raw materials at all. Since it is tax-free, it should be eliminated.

There are two situations in which the price of raw materials purchased tax-free is:

First, the tax-free raw materials purchased domestically in the current period that have no input tax and for which no input tax is accrued can be directly deducted.

Second, the bonded imported materials for processing during the current period. Calculation method: Purchase method (imported materials)

The taxable price of bonded imported materials for current processing = the landed price of imported materials in the current period + customs tariffs + customs consumption tax.