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Can commissioned agency export be tax refunded?
Resolved
My company plans to export products through commissioned agency. I heard that exported products can be tax refunded, but can this situation of commissioned agency export be tax refunded? If it can be tax refunded, what are the specific processes and matters that need attention? I hope knowledgeable friends can explain in detail, as this relates to the company's cost accounting and profit. Thank you in advance.
Trade Expert Insights Answers
Robert TanYears of service：5Customer Rating：5.0
International Market Development AdvisorStart a Chat
Commissioned agency export can be tax refunded. The principal needs to meet certain conditions. Generally, the principal should be a manufacturing enterprise with import and export rights. The tax refund process is roughly as follows: First, the principal and the agent sign a commissioned export agreement; second, after the goods are exported, the agent will issue a certificate of agency export goods to the principal; then, the principal will apply for tax refund to the local tax authority with this certificate, export customs declaration form, and other relevant documents. It should be noted that the tax refund application must be submitted within the prescribed period, generally within the VAT tax declaration period from the month following the date of export declaration of goods to April 30 of the following year. At the same time, it is necessary to ensure that the export business is genuine, the documents are complete and compliant, otherwise there may be tax refund risks.
In addition, the tax refund rates for different products may vary, so it is necessary to understand them in advance.
Kevin HuangYears of service：3Customer Rating：5.0
E-Commerce Export AdvisorStart a Chat
It can be tax refunded, but it must be that a manufacturing enterprise commissions a foreign trade enterprise to export its own products, or a foreign trade enterprise commissions another foreign trade enterprise to export goods. If a commercial enterprise commissions an agency to export, it cannot be tax refunded.
Anthony LuoYears of service：10Customer Rating：5.0
Trade Compliance ExpertStart a Chat
It can be refunded. However, in actual operation, it is necessary to ensure that the information on various documents is consistent, such as the goods information and amounts on the customs declaration form and invoice must match, otherwise the tax authority may not approve the review, which will affect the tax refund.
Sophia WangYears of service：6Customer Rating：5.0
International Logistics CoordinatorStart a Chat
It can be tax refunded. Remember to prepare the relevant materials, such as the export contract, packing list, bill of lading, and other basic materials, as well as other vouchers required by the tax authorities. Having complete materials can speed up the tax refund process.
Daniel KimYears of service：4Customer Rating：5.0
Commodity Inspection and Quarantine ConsultantStart a Chat
Commissioned agency export can be tax refunded. When applying for tax refund, pay attention to changes in tax refund rate policies. Sometimes, policies are adjusted, and tax refund rates will change. You need to pay attention in a timely manner and apply for tax refund according to the latest policies.
Linda GuoYears of service：3Customer Rating：5.0
Trade Dispute MediatorStart a Chat
It can be tax refunded. But enterprises must operate with integrity and truthfully declare export business. If there are violations such as false declarations, not only will the tax not be refunded, but also penalties may be imposed.
Michael ZhangYears of service：10Customer Rating：5.0
Customs Clearance SpecialistStart a Chat
Commissioned agency export can be tax refunded. When the tax authority reviews the tax refund application, it may conduct an inquiry into the business. Enterprises should actively cooperate and provide true and valid explanations and evidence.
Olivia LiuYears of service：6Customer Rating：5.0
Foreign Exchange Risk ManagerStart a Chat
Of course, it can be tax refunded. Enterprises should also pay attention to standardized financial accounting, accurately accounting for export business income, costs, etc., which is also very important for tax refund applications.
David ChenYears of service：10Customer Rating：5.0
Trade Compliance AdvisorStart a Chat
It can be tax refunded. It is best for enterprises to communicate with the agent in advance about tax refund related matters, clarify responsibilities, and avoid disputes during the tax refund process.
Thomas LiYears of service：7Customer Rating：5.0
Import Licensing AdvisorStart a Chat
Commissioned agency export can be tax refunded. However, if the goods are products explicitly stipulated by the state as non-refundable, then there is no way to get a tax refund, so you must first confirm whether the product is within the scope of tax refund.