Home?Agency Services? What are the export tax refund procedures for foreign trade agents?
Relevant Introduction
Can an already commissioned agency export be delegated?Export DrawbackThe answer is yes. Below is the tax rebate process forforeign tradecompany agency exports.
Foreign trade export enterprises must open basic accounts, verification accounts, and USD accounts at banks.
Foreign trade export enterprises must register on the enterprise directory at the foreign exchange administration bureau. (Refer to the foreign exchange administration bureau website for details.)
Obtain the customs declaration form about 45 days after export declaration. The customs declaration form must be submitted and declared on the electronic port, and the declaration form information must be downloaded.
It is best to issue the purchase VAT special invoice after obtaining the pre-recorded customs declaration information, as the VAT special invoice must match the information on the customs declaration form and be authenticated and approved in the deduction system.
After the pre-declaration is approved, process the feedback information. If there are no issues, proceed to formal declaration, print reports, and create a formal declaration USB file to submit to the national tax rebate office for formal declaration. After successful formal declaration, the export tax rebate will be received in two to three months. Non-rebate portions will be transferred to costs.
Export Agency Process
Process
The agent provides the principal with international trade practices and quotation services (if required);
The agent, upon the principals authorization, signs the Foreign Trade Goods Export Contract with foreign buyers and prepares proforma invoices;
Review and acceptanceL/C(if required), track contract execution progress;
Prepare export documents (commercial invoice, packing list) based on packing details provided by the principal;
Assist the principal in obtaining export approval documents;
Assist the principal in completing export commodity inspection, animal and plant quarantine procedures;
The agent settles accounts with the principal and collects/makes payments.
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