In recent years, with the epidemic raging, the global economy has been seriously hit and inflation keeps emerging, resulting in the rise of raw material prices, logistics costs and storage costs.
In order to reduce costs and improve profits, many bosses racked their brains, but ignored the simplest method – get the export tax refund.
Export tax refund is a preferential policy of the state to encourage enterprises to export, mainly in two types:。
One is refund of import tax, that is, when an export product enterprise uses imported raw materials or semi-finished products to process products for export, it will get refund of the import tax it has paid.
The other is to refund the domestic taxes already paid, that is, the enterprise will get refund of the domestic taxes already paid for the production of the goods when the goods are declared for export.
Filing export tax refund can not only reduce the operating costs of enterprises and increase profits, but also reduce the financial and tax risks of enterprises.
Are all export enterprises qualified to apply for export tax refund? Of course not!
What qualifications do foreign trade export enterprises need to get export tax refund?
1. The enterprise is a general taxpayer.
2. Have a valid business address.
3. Have import and export right.
4. Have filing of export tax refund (tax exemption).
5. The business scope indicated in the business license includes import and export related businesses.
6. Normal collection and settlement of foreign exchange in corporate accounts.
7. Employees should participate in social insurance.
8. Some export products (such as automobiles, lubricants, motorcycles, paraffin wax, etc.) need to obtain relevant permit to export.
It's quite complicated to handle export tax refund, and you have to prepare a lot of documents. Don’t worry, here comes our lawyers to help you right out.
Before export, we will have specialist to guide you to choose better suppliers, banks and freight forwarders; we will guide you to collect required documents, such as customs declaration, bill of lading, import and export contracts, etc.
we can issue export invoices, verify and check the input invoice for export refund, and submit the application for export tax refund.
After the export, we are responsible for submitting the export documents to the tax bureau for verification, and assisting you in the whole process of on-site inspection by the tax bureau; we will track the receipt of tax refunds in real time.
Our lawyers always focuses on providing one-stop service for enterprises. If you want to know more about export tax refund, feel free to contact us!
Our lawyers provides free consulting services for exit and entry and Chinese visa. If you want to know more about coming to China or doing business here, please contact us!
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