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What kind of invoice should be issued for entrusted export agency? Come and give me some advice!
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Our company plans to entrust an agent for export of goods. We have been directly exporting ourselves before and are not very familiar with invoice issuance for entrusted export agency. I would like to ask what kind of invoice should be issued for entrusted export agency? Is it the entrusted party or the agent who issues the invoice? Are there any special points to pay attention to during the invoice issuance process? I hope friends who understand can explain in detail, thank you!
Trade Expert Insights Answers
Anthony LuoYears of service：10Customer Rating：5.0
Trade Compliance ExpertStart a Chat
Entrusted export agency generally involves two main types of invoices. First, the entrusted party needs to issue a Value-Added Tax Ordinary Invoice. This is because in the business of entrusted export agency, the entrusted party is the actual owner and seller of the exported goods, and must issue a Value-Added Tax Ordinary Invoice to the agent according to regulations, for the agent to handle export tax refunds and other related procedures. The invoice must accurately state the name of the goods, specifications, quantity, unit price, etc.
Secondly, the agent needs to issue a certificate for agency export of goods, which is an important document to prove the authenticity of the agency export business. The agent, with the relevant documents provided by the entrusted party, applies to the competent tax authority for this certificate and gives it to the entrusted party for export tax refund processing. During the invoice issuance process, the entrusted party's invoice information must be accurate and error-free, otherwise it may affect the progress of the tax refund; the agent must apply for the certificate for agency export of goods in a timely manner and ensure that the documentation is complete and compliant.
Emma ZhaoYears of service：3Customer Rating：5.0
Export Documentation SpecialistStart a Chat
When the entrusted party issues an invoice, attention should be paid to the tax rate selection. Generally, exported goods are subject to a zero tax rate, but some special circumstances may differ, so it is necessary to understand clearly in advance to avoid incorrect issuance.
Thomas LiYears of service：7Customer Rating：5.0
Import Licensing AdvisorStart a Chat
The agent should issue the certificate for agency export of goods within the prescribed time limit, otherwise the entrusted party's tax refund will be affected. This time limit may vary in different regions, so pay attention to local policies.
Linda GuoYears of service：3Customer Rating：5.0
Trade Dispute MediatorStart a Chat
The amount on the invoice issued by the entrusted party should correspond to the amount on the customs declaration form, otherwise it may not pass the tax refund audit, causing unnecessary trouble.
Richard WuYears of service：8Customer Rating：5.0
Global Trade Operations ExpertStart a Chat
If the goods are subject to consumption tax, the entrusted party, in addition to issuing a Value-Added Tax Ordinary Invoice, must also handle consumption tax-related matters according to regulations, and check if consumption tax-related invoices need to be issued.
Robert TanYears of service：5Customer Rating：5.0
International Market Development AdvisorStart a Chat
The software used for invoicing should be updated in a timely manner to ensure that invoices that meet requirements can be issued normally, avoiding delays in the export process due to software issues.
Michael ZhangYears of service：10Customer Rating：5.0
Customs Clearance SpecialistStart a Chat
Before issuing the invoice, the entrusted party should reconfirm the information with the agent, such as the description of the goods, to ensure that both parties have the same understanding, reducing subsequent issues.
Sophia WangYears of service：6Customer Rating：5.0
International Logistics CoordinatorStart a Chat
Whether it is the entrusted party issuing the invoice or the agent issuing the certificate, relevant invoicing records and documents should be properly kept for tax authority inspection.
Kevin HuangYears of service：3Customer Rating：5.0
E-Commerce Export AdvisorStart a Chat
When the agent issues the certificate for agency export of goods, they should carefully verify the information provided by the entrusted party and communicate and resolve any issues promptly to ensure the accuracy of the certificate.
Olivia LiuYears of service：6Customer Rating：5.0
Foreign Exchange Risk ManagerStart a Chat
If the entrusted party is unfamiliar with the invoice issuance process, they can consult the local tax authorities for accurate guidance and avoid blind operations.