Inquiring whether a company can receive tax refunds when exporting products through an agency, along with details on the refund process, required documents, and requirements for both the commissioning party and the agent. The best answer states that commission-based agency exports are eligible for tax refunds, typically handled by the commissioning party. It requires a signed agreement, collection of documents like customs declarations, and application. The commissioning party needs import/export operating rights and sound financial status, while the agent must truthfully issue certifications and operate according to regulations for a smoother refund process.
Who Should Declare Tax Refunds for Export Agencies? Come and Find Out!
Resolved
Our company has a batch of goods exported through an agency company, and now the issue of export tax refund declaration has arisen. I am not sure in the case of agency exports, whether our company should declare the tax refund, or if the agency company should declare it? Will the tax refund declaration process be complicated? What documents are needed? I hope friends who understand this knowledge can help answer, thank you!
Trade Expert Insights Answers
Robert TanYears of service：5Customer Rating：5.0
International Market Development AdvisorStart a Chat
Generally speaking, in agency export business, the tax refund declaration is made by the principal. This is because the principal is the actual exporter of the goods and bears the ownership and related risk rewards of the goods.
The specific process is as follows: First, the principal needs to prepare documents such as the customs declaration form for exported goods, export invoice, agency export agreement, etc. Then, the tax refund declaration is made through channels such as the electronic tax bureau.
When declaring, relevant information such as the details and amount of exported goods should be filled in truthfully. If the documents are complete and comply with regulations, and are approved by the tax authorities, the principal can obtain the tax refund. The agency's main role is to provide assistance such as providing proof of agency export. However, in actual operations, enterprises also need to pay attention to the specific requirements and regulations of the local tax authorities to ensure the smooth progress of the tax refund declaration.
Daniel KimYears of service：4Customer Rating：5.0
Commodity Inspection and Quarantine ConsultantStart a Chat
If the agency company declares customs for export in its own name and bears the responsibility for collecting foreign exchange, it may also declare the tax refund, but this situation is rare, and in most cases, the principal declares it.
Linda GuoYears of service：3Customer Rating：5.0
Trade Dispute MediatorStart a Chat
When the principal declares the tax refund, they must ensure that all documents are true and accurate, otherwise it may lead to failure or delay in tax refund. Information on the customs declaration form should be consistent with the invoice and contract.
Olivia LiuYears of service：6Customer Rating：5.0
Foreign Exchange Risk ManagerStart a Chat
In some special circumstances, for example, if the principal does not have the qualifications for tax refund, then special handling methods may need to be negotiated with the agency company, but the basic principle is still for the principal to declare.
Emma ZhaoYears of service：3Customer Rating：5.0
Export Documentation SpecialistStart a Chat
Although the agency company generally does not declare tax refunds, it should cooperate with the principal and promptly provide relevant information and documents such as customs declaration forms and foreign exchange collection, to facilitate the principal's declaration.
Anthony LuoYears of service：10Customer Rating：5.0
Trade Compliance ExpertStart a Chat
Before declaring the tax refund, the principal should clarify their respective responsibilities with the agency company to avoid disputes arising from tax refund issues later.
Thomas LiYears of service：7Customer Rating：5.0
Import Licensing AdvisorStart a Chat
For the principal, it is important to understand the tax refund policy in advance. For example, the tax refund rates for different goods are different, and it is necessary to grasp them accurately.
Kevin HuangYears of service：3Customer Rating：5.0
E-Commerce Export AdvisorStart a Chat
After submitting the tax refund declaration documents, if the tax authorities require supplementary documents, the principal should provide them as soon as possible to speed up the tax refund process.
David ChenYears of service：10Customer Rating：5.0
Trade Compliance AdvisorStart a Chat
The agency export agreement can specify matters related to tax refund declaration to protect the rights and interests of both parties, such as clarifying the agency's obligation to assist.