Export tax rebate in import and export trademeaning

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What is export tax rebate? Export tax rebate, in a narrow sense, is a government action to refund the indirect taxes paid during the domestic production and circulation of export goods; and in a broad sense, export tax rebate also includes tax exemption or tax credit, etc. There are many forms of government action that bring indirect taxes on exported goods to zero.

Export tax rebate, a subsidy policy for foreign trade companies, provides a rebate of 13% of the cost price of exported goods. For products exported from my country that have been levied or should be levied product tax, value-added tax and special consumption tax, the tax paid will not be refunded or the tax payable will not be exempted unless explicitly stipulated by the state.

What does export tax rebate mean in import and export trade?

Export tax rebate means that when you export goods, the country will refund you a certain proportion of the value-added tax generated during the circulation of goods.

For example: you export a glass cup. You bought this cup from someone else for RMB 100. The other person issued a VAT invoice to you. The value of the goods is RMB 73 and the VAT is RMB 17. Now you export to the United States with an amount of 200 yuan. The tax rebate stipulated by the state is 10%, so you can get a tax refund of 20 yuan. However, since you only incurred a tax of 17 yuan when you bought it, you can only refund 17 yuan. piece.

What does export tax rebate mean? for example!

A foreign trade company exported 100,000 plastic barrels. Assume that the price is 0.9 US dollars each, and the purchase price including tax is 6 yuan.

After exporting, foreign exchange income comes in. In about 20-30 days, the transportation agent (freight forwarder) will return the foreign exchange collection verification form, customs declaration form, tax refund form, and verification form that you submitted previously to the foreign trade company.

The accountant of the foreign trade company took these VAT invoices issued with the suppliers and went to the National Taxation Bureau to apply for a tax refund.

That is: 100,000*6/1.17*0.17 is the value-added tax that the supplier has paid. These taxes are included in the supply price, and the foreign trade company has to pay the factory.

The tax rebate rate for plastic barrels is 13%, so the IRS can refund 100,000*6/1.17*0.13 to the foreign trade company.

The situation of self-operated import and export factories is unclear.

What kind of tax is refunded in the export tax rebate?

According to current policies, the tax refunds (exemptions) for exported goods are value-added tax and consumption tax.

Value-added tax refers to the value-added tax levied on units and individuals that sell goods or provide processing, repair and repair services, and import goods within the territory of the People's Republic of China, on the value-added tax and the amount of imported goods in the process of sales, processing, repair and repair of taxable goods. A tax.

Consumption tax is a tax levied on the consumption taxes listed in the "Interim Regulations of the People's Republic of China on Consumption Tax" for production, commissioned processing and import within my country.

The tax refund is actually refunded to the production company. If it is a foreign trade company exporting as an agent or the production company is self-operated, the tax refund will of course be refunded to the production company; if the foreign trade company is self-operated exporting, the input tax at the time of purchase will be refunded. Fraudulent export tax rebates are fake exports.