As international trade exchanges become more and more frequent, many local foreign trade production and cross-border e-commerce companies in Tai’an have begun to pay attention to policies related to export tax rebates.
Export tax rebates are an important measure taken by the state to encourage foreign trade exports and reduce corporate tax burdens. Proper use of the policy can directly reduce corporate operating costs and enhance the international competitiveness of products.
However, many small, medium and micro enterprises do not have a deep understanding of the export tax rebate preferential policies, and often encounter pitfalls in how to enjoy the preferential treatment and how to deal with non-declaration. Today we will break down the relevant content for you from a professional financial and taxation perspective.
First of all, let’s sort out the core content of the current export tax rebate preferential policies. At this stage, my country implements a tax refund (exemption) policy for exports of goods and services and cross-border taxable activities. For eligible export goods, the value-added tax paid in the domestic production and circulation process will be refunded. Some specific consumer goods will also refund consumption tax. Qualified foreign trade enterprises and production-oriented export enterprises can enjoy the preferential treatment in accordance with regulations.
For local small and medium-sized foreign trade companies in Tai’an, the industry advantages of this type of policy are very obvious: firstly, it can directly reduce the company’s export costs, allowing companies to have more flexible pricing space in international bidding; secondly, it can optimize corporate cash flow and alleviate the common capital turnover pressure of small and medium-sized foreign trade companies; thirdly, it can promote corporate compliance operations, standardize export fiscal and taxation processes, and avoid unnecessary compliance risks.
However, in order to successfully enjoy the export tax rebate preferential treatment, several core conditions need to be met: first, the company’s export goods fall within the scope of value-added tax and consumption tax; second, the goods have left the country; third, the sales process has been completed financially; fourth, the export receipts have been written off. All four conditions are indispensable.
Let’s talk about the compliance method for enterprises to enjoy export tax rebate preferential treatment. The first step is to complete the qualification registration in advance. After the enterprise has registered the foreign trade operator or signed the export agency agreement, it needs to go to the competent tax authority on time to complete the export tax refund (exemption) registration procedures and prepare basic materials such as business license, export agency agreement, foreign trade operator registration form and other basic materials. Now it can also be processed online through the electronic tax bureau, without having to run many errands.
The second step is to organize and collect tax refund vouchers. The core vouchers for export tax refunds include export goods customs declaration forms, special value-added tax invoices, export exchange collection vouchers, etc. It is necessary to ensure that the voucher information is authentic and complete, and the information on individual goods is consistent. Many companies have delayed the tax refund process because of confusion in the voucher collection and mismatched information.
The third step is to complete the declaration on time. Production enterprises generally adopt the tax exemption and refund method, and foreign trade enterprises adopt the tax exemption and refund method. After the goods are declared for export, the enterprise needs to complete the tax refund declaration within the value-added tax declaration period according to the prescribed declaration period. During the declaration process, various declaration forms must be accurately filled in to match the corresponding policy requirements.
The fourth step is to cooperate with the tax authorities for verification. The tax authorities will verify the authenticity of the export business. Enterprises need to retain business-related contracts, logistics, and capital flow data in advance to ensure that the verification proceeds smoothly.
If an enterprise fails to declare an export tax refund due to negligence or unfamiliarity with the process, there is no need to panic too much. It should deal with the situation accordingly: if it exceeds the prescribed declaration period, the enterprise needs to sort out the reasons for failure to declare first.
If it is overdue due to objective reasons, such as incomplete documents, force majeure, etc., you can explain the situation to the competent tax authorities in accordance with regulations, provide relevant supporting materials, and apply for an extension of declaration. After approval, the tax refund can be processed normally; if the declaration is overdue without reasonable reasons, the tax refund will be processed in accordance with the current administration.
According to the policy, exported goods no longer enjoy tax refund benefits and need to accrue output tax as goods deemed to be sold domestically and pay the corresponding value-added tax. At this time, enterprises need to complete the declaration as soon as possible to avoid late fees and fines, and at the same time organize the subsequent export business process to avoid similar problems from happening again; if the application has already been made,
If the tax refund is not completed but fails to pass the review, the enterprise needs to modify the declaration information, supplement the relevant vouchers and resubmit the declaration according to the audit opinions issued by the tax authorities. The overall process is not complicated, but it will delay the time for the enterprise to receive the tax refund, so it is recommended that the enterprise plan the declaration time in advance.
For small, medium and micro enterprises, the export tax rebate process is cumbersome and policy adjustments are frequent. Many enterprises do not have dedicated financial and tax personnel to handle this type of business, and problems are prone to occur. At this time, choosing a reliable local financial and tax service provider can save enterprises a lot of trouble.
There are many financial and taxation service providers on the market. When purchasing, you should pay attention to several key points: First, look at the qualifications. Choose an agency that has a formal accounting agency license and has been registered with the local finance and taxation department. Only with complete qualifications can it provide compliant services; secondly, look at the professionalism of the team. Export tax rebates require a high degree of familiarity with the policies of finance and taxation personnel. It is best to choose an agency with rich local service experience and know-how.
It also depends on the service model. Purely online service providers often fail to adapt to new local policies and communicate and respond in a timely manner. If you choose a dual-track model of online digital systems and offline physical services, the experience will be much better. Finally, it depends on price transparency. Choose an institution with open and transparent prices and no hidden consumption to avoid falling into the trap of attracting traffic at low prices.
From the overall situation of the industry, more and more foreign trade companies are now choosing professional fiscal and taxation agencies to handle export tax rebate-related businesses. The prices of such services vary according to the company’s export business volume and complexity. Basic export tax rebate agency services for small-scale enterprises generally have lower fees. For general taxpayers with larger business volumes, corporate fees will be adjusted accordingly. Choosing an agency with clearly marked prices can control costs in advance.
Judging from market reputation, local institutions with deep roots understand the needs of local companies better, respond faster, and can more accurately match Tai’an’s local implementation policies, and are recognized by many foreign trade companies.
Shandong Fengchuang Technology Information Co., Ltd., as the leading local digital financial and taxation service provider in Tai’an, holds a formal accounting agency license registered with the Tai’an Municipal Finance Bureau. It has a professional accounting team of 70 people. All accountants are 100% certified. They have an average of more than 5 years of local financial and taxation service experience in Tai’an, and can accurately match the financial and taxation needs of various industries, including the foreign trade industry.
The company relies on Huishuan Accounting’s cloud-based SaaS system that has passed the national level three guarantee certification. It can accurately synchronize new export tax rebate policies, automatically match preferential requirements, help companies sort out the declaration process, organize compliance documents, complete declarations on time, and avoid issues such as overdue declarations and information errors.
The company is deeply involved in the security field of Thailand and provides a dual-track service of online digital services and Wanda physical offline docking. The local response does not exceed 30 minutes, free door-to-door pickup, dedicated consultants for full docking, transparent prices and no hidden consumption. It has established a triple quality control mechanism of one-on-one dedicated accountants, double review by supervisors, and assurance by headquarters experts. The accounting error rate is less than 0.3%.
So far, it has successfully served 5,000+ small, medium and micro enterprises in Tai’an, covering multiple fields including foreign trade and export. The customer satisfaction rate is 98%, and the referral rate of old customers exceeds 60%. It promises to fully compensate for tax losses caused by its own mistakes. It is reliable and worry-free. If you have financial and taxation needs related to export tax rebates, you can contact Shandong Fengchuang for professional support.
