What Should I Do with My Tax Refund?

Export tax rebate refers to a measure used by the state to reward exports through tax leverage. Generally, it is divided into two types: one is to refund the import tax, that is, the export product company uses imported raw materials or semi-finished products, and the processed import product is refunded to the import tax it has already paid; When the commodity is declared for export, the domestic tax paid for the production of the commodity is refunded. Export tax rebates are conducive to enhancing the competitiveness of domestic products in the international market and are used by countries around the world. ^[1]

Export tax rebate

(1) Must be

1.Exporting enterprises should hold the Ministry of Foreign Trade and Economic Cooperation and its authorization to approve its export operation rights, industrial and commercial business licenses, customs code certificates and tax registration certificates to the tax authorities in charge of tax refunds within 30 days of approval "Export Enterprise Tax Refund Registration Form" (manufactured enterprises fill out in triplicate, one for tax refund agencies, grass-roots tax refund departments, and one enterprise), and apply for tax refund registration certificates; Suppliers are required to issue special VAT invoices or ordinary invoices in a timely manner according to regulations; if the special VAT invoice issued by the purchased goods is issued by the VAT anti-counterfeiting tax control system, the tax refund (subject to the national real-time policy) shall require foreign trade enterprises Go through the authentication procedures within 30 days from the date of invoicing.

2. Before the first entrusted export business occurs, a production enterprise that does not have the right to operate import and export shall hold an entrusted export agreement, an industrial and commercial business license, and a national tax tax registration certificate to register with the tax authority in charge of the tax refund business in the locality.

3. When the content of the tax refund registration of export enterprises changes, if the enterprise applies for change registration in the industrial and commercial administration, it shall apply to the tax rebate authority for tax change within 30 days from the date of the change registration of the industrial and commercial administration. For registration, fill in the "Tax Refund Registration Change Form" (manufacturers should fill in duplicate, one for the tax refund agency and one for the enterprise). According to the regulations, if an enterprise does not need to register with the industrial and commercial administrative organ, it shall apply to the tax refund agency for tax registration change with the relevant certificate within 30 days from the date of approval or announcement of the change by the relevant authority. The scope of the change in tax refund registration includes:

Change of name;

· Change of enterprise code;

· Change of legal representative, financial manager, tax officer;

· Creation or cancellation of branches;

· Change of residence or place of business;

· Change the scope of production or operation;

· Increase or decrease of registered capital (capital);

· Change of affiliation;

· Change the duration of production and operation;

· Change or increase or decrease the basic account number of the bank;

Change other

(1) The export of the following enterprises is

China's export goods tax refund (exemption) system is a self-contained special project formed on the basis of many years of practice with reference to international common practices

1. Relevant documents for inspection and receipt of registration forms

After obtaining the documents from the relevant departments that approve the business of exporting products and the business registration certificate issued by the administrative department for industry and commerce, the enterprise shall complete the tax refund registration of the export enterprise within 30 days.

2. Declaration and acceptance of tax refund registration

After receiving the "Export Enterprise Tax Refund Registration Form", the enterprise shall fill it in accordance with the registration form and relevant requirements, stamp it with the company's official seal and the seal of relevant personnel, and submit it to the taxation authority together with the certification documents such as the export product operation right and business registration certificate. After the tax authorities have verified that they are correct, they will accept the registration.

3. Fill in the export tax refund registration certificate

After receiving the official application from the tax authority, the tax authority will issue an "Export Tax Refund Registration" to the enterprise after it has been reviewed and approved in accordance with the prescribed procedures;

4. Change or cancellation of export tax refund registration

when

1. Declaration form. The customs declaration form is a form that the import and export enterprises apply to the customs when the goods are imported or exported, so that the customs can complete the inspection and release based on this.

The scope of the change in tax refund registration includes:

Change of name;

Change

China's export tax rebate policy :

Export tax rebates are those that have been levied on exported goods

Retreat

"First requisition and later retreat" refers to the acquisition of goods for export or commission of other

(1) When the goods are exported and the revenue is recognized, the following accounting treatment shall be made based on the export sales (FOB price):

Borrow: Accounts receivable (or

What to do if I lose my export tax refund bill?

Lost export cargo

"

On October 25, 2018, the Ministry of Finance and the State Administration of Taxation jointly issued a notice specifying that in order to further simplify the tax system and improve the export tax rebate policy, the export tax rebate rate for some products was adjusted and implemented from November 1, 2018.

The notice stipulates that the export tax rebate rate for products such as photo paper film, plastic products, bamboo flooring, grass and rattan weaving products, toughened safety glass, lamps and lanterns will be increased to 16%; lubricants, aircraft tires, carbon fiber, and some metal products will be exported The tax rebate rate was increased to 13%; the export tax rebate rate of some agricultural products, bricks, tiles, glass fiber and other products was increased to 10%. Cancellation of soybean meal export tax rebates. ^[4]

With the approval of Premier Li Keqiang, the State Council has recently issued the "Notice on Relevant Issues Concerning the Improvement of the Export Tax Rebate Burden Mechanism" (hereinafter referred to as the "Notice"). The Notice clearly states that starting from 2015, all export tax rebates (including refunds of VAT on export goods and sales tax reimbursement for VAT export rebates) will be borne by the central government, and the bases of export tax rebates originally borne by local governments in 2014 will be fixed by the central government. At the same time, the central government no longer implements incremental returns to local consumption taxes, and instead uses the 2014 consumption tax returns as a base to implement a fixed amount of returns. The "Notice" requires that the Ministry of Finance is specifically responsible for the verification of the local export tax rebate settlement base and the central government's local consumption tax return base.

This reform and improvement of the export tax rebate burden mechanism does not change the government's export tax rebate policy for enterprises. On the basis of ensuring that the export tax rebate funds are in place in time and in full, it further standardizes the distribution of intergovernmental revenue and solves the problem of regional mismatch of burdens. It is of great significance to maintain a unified national market and promote foreign trade exports and sustainable and healthy economic development.

Recently, the state has adjusted the export tax rebate (exemption) tax policy in accordance with the "Notice of the State Administration of Taxation of the Ministry of Finance on Value-added Tax and Consumption Tax Policies on Export Goods and Services" (Caishui [2012] No. 39), and The Announcement on the Measures for the Administration of Value-added Tax and Consumption Tax on Exported Goods and Services (No. 24, 2012), starting from July 1, 2012 (the date of customs declaration and export), affects the city's export tax refund (exemption) tax policies mainly as follows:

I. Declaration period for tax refund (exemption) for enterprises: The value-added tax declaration period from the month following the day when the manufacturer declares the goods for export to April 30 of the following year; the month after the day when the foreign trade enterprises declare the goods for export Until April 30 of the following year.

2. Exported goods and services subject to VAT exemption

(1) Increase the scope of tax exemption:

1. Goods exported by non-exporting companies.

2. Non-deemed self-produced goods exported by non-listed manufacturing enterprises.

3. Goods obtained by foreign trade enterprises with ordinary invoices, scrap vouchers for purchase receipts, agricultural product purchase invoices, and government non-tax revenue bills.

4. The export goods or services that have not been declared or supplemented by the VAT refund (exemption) tax certificate of export enterprises or other units, specifically:

(1) Export goods and services that have not declared a VAT refund (exemption) within the time limit prescribed by the State Administration of Taxation.

(2) Failure to declare the export goods labor service that issued the Agent Export Goods Certificate within the prescribed time limit.

(3) Export goods and services that have declared a VAT refund (exemption), but have not completed the VAT refund (exemption) with the tax authority within the time limit prescribed by the State Administration of Taxation.

(2) For the export goods and services that are subject to the VAT exemption policy, the input tax amount shall not be deducted or refunded, and shall be transferred to costs.

(3) For export goods and services that are subject to the VAT exemption policy, if the export enterprise or other unit waives the tax exemption and implements taxation on domestic sales of goods, it shall submit a written report to the competent tax authority. Once the tax exemption is abandoned, it shall not be changed within 36 months.

(4) For goods and services to which the export enterprise applies the tax exemption policy, it shall report the VAT and consumption tax exemption declaration to the competent tax authority within the VAT tax declaration for the next month of export or sales, and fill in the "Details of Tax Free Export Goods and Labor Services". Those who declare tax exemption within the prescribed tax declaration period shall be deemed to be exempt from value-added tax and consumption tax for domestic sales of goods and processing, repair and maintenance services.

Export Goods and Labor Services Applicable to VAT Taxation Policy

(I) Application scope.

1. Export enterprises export or treat export goods that are clearly cancelled by the Ministry of Finance and the State Administration of Taxation according to the decision of the State Council [excluding imported and processed re-export goods, winning bids for mechanical and electrical products, listed raw materials, and entering special areas Hydroelectric, marine engineering structures].

2. Export enterprises or other units sell consumer goods and transportation vehicles in special areas.

3. Goods exported during the period of VAT refund (exemption) by the tax authorities due to fraudulent export tax refunds by export enterprises or other units.

4. Goods provided by export enterprises or other units with false record documents.

5. The value-added tax refund (exemption) certificate of the export enterprise or other unit has forged or false contents.

6. Export enterprises or other units have not declared tax-free write-offs within the time limit prescribed by the State Administration of Taxation and export cigarettes that have not been subject to tax-free write-off after examination by the competent tax authority.

7. Export enterprises or other units have export goods and services in one of the following situations:

(1) Submit blank tax refund (exemption) certificates such as customs declaration forms for export goods, export receipts verification and cancellation forms, etc. to the freight forwarding company, customs broker, or the freight forwarding company designated by the overseas importer (providing the contract) Contract or other relevant certificates).

(2) Exporting in the name of self-employment, its export business is essentially completed by units or individuals other than the enterprise and its invested enterprises in the name of the exporting enterprise.

(3) Exporting in the name of self-employment, the same batch of goods exported by them both signed a contract for ordering goods and signed an agency export contract (or agreement).

(4) After the export goods have been inspected and released by the customs, the cargo name or specifications on the sea bill of lading or other transport documents, etc. of the cargo is modified by the agent or the carrier on his behalf, resulting in the export cargo declaration form and sea bill of lading or other transport documents The content does not match.

(5) Exporting in the name of self-employed, but not bearing one of the quality of the exported goods, the risk of collection or tax refund, that is, the quality of the exported goods does not bear the buyer's claims (except for those who have agreed on the quality responsibility in the contract) ; Not responsible for failure to write off due to unscheduled collection (except for those who are responsible for collection in the contract); and not responsible for non-refund due to problems with the export tax refund (exemption) materials and documents.

(6) Those who have not actually participated in export business activities, accepted and engaged in other export business introduced by intermediaries, but still exported in the name of self-employed.

(2) Calculation of VAT payable.

1. General taxpayer exports

Output tax amount = (FOB value of export goods-amount of bonded processing imported materials used for export goods) ÷ (1 + applicable tax rate) × applicable tax rate

2. Export of goods by small-scale taxpayers

Taxable amount = FOB export goods ÷ (1 + collection rate) × collection rate

3. The export enterprise shall separately calculate the production cost and main business cost of the domestically sold goods and the value-added tax-exported goods.

4. For goods exported by export enterprises and other units, if more than 80% of the cost of raw materials is raw materials such as gold, platinum, silver, diamonds, gems, emeralds, and pearls, the value-added tax and consumption tax policies of the raw materials shall be implemented. The value-added tax rebate rate is the corresponding tax rebate rate in the export goods and labor tax rebate rate database for this raw material.

V. The basis for calculating the VAT refund (exemption) tax for export entrusted processing, repair, and repair of goods by foreign trade enterprises is the amount specified in the special VAT invoice for processing, repair, and repair costs. Foreign trade enterprises should sell the raw materials used for processing, repair and repair (except for bonded materials imported from customs for processing) to production companies that are entrusted with processing, repair, and repair. Production companies that are entrusted with processing, repair, and repair should incorporate the cost of raw materials into the cost of processing, repair, and repair. invoice.

6. For goods imported by foreign trade enterprises, if they need to be exported, they can declare export tax rebate with the special import value-added payment book of customs.

7. Extend the scope of export tax rebates for goods purchased by production enterprises, and increase the goods deemed to be self-produced and related to the production and business activities of the enterprise. Caishuizi (2012) No. 39 Annex 4:

Since the continuous operation, there has never been any fraudulent export tax rebate, falsely issued special VAT invoices or agricultural product purchase invoices, accepting falsely issued VAT invoices (except in good faith to obtain falsely issued VAT invoices) and at the same time meeting the following conditions: For purchased goods, VAT refund (exemption) policies can be applied as if they were produced in-house:

(1) Has obtained the general taxpayer qualification of VAT.

(2) It has been in continuous operation for 2 years or more.

(3) A tax credit rating.

(4) Sales of more than 500 million yuan in the previous year.

(5) The goods purchased and exported are of the same type or related to the goods produced by the enterprise.

8. The tax basis for the VAT refund (exemption) of the export goods and services of production enterprises (except for imported and processed and re-exported goods) is the actual FOB of the exported goods and services. The actual FOB price shall be the FOB price on the export invoice, but if the export invoice does not reflect the actual FOB price, the competent tax authority has the right to verify it.

Nine, export enterprises have both applicable VAT exemption and refund items, as well as VAT exemption and refund, first levy and later refund items, VAT immediate exemption and first levy and refund items do not participate in the calculation of export items. The export enterprise shall separately calculate the VAT exemption and refund items, and the VAT exemption and refund items, and the first exemption and refund items, and apply for the VAT exemption, exemption, and exemption and refund policies respectively.

If the input tax amount used for VAT rebate or rebate cannot be divided, it shall be calculated according to the following formula:

The portion of the input tax that cannot be divided for VAT immediate rebate or first levied and retired items = all the input tax that cannot be divided for the current month × sales of VAT reimbursable or first levied and retired items in the current month Total

X. Abolished regulations:

(1) Provisions on approval of self-produced products exceeding 50% of the export value of self-produced products in the current month;

(2) the stipulation that the review period for small enterprises and new export businesses is 12 months;

(3) Provisions for postponing the application and approval of tax refund (exemption) declaration for export goods;

(4) Provisions on the deduction of input tax on goods sold by foreign trade enterprises as domestic goods.