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Under Agency Export Mode, Who Can Claim Tax Refunds? Find Out Now!
Resolved
Our company plans to expand its business using the agency export method, but we are unsure who exactly handles the tax refund in this situation. Is it the principal or the agent? Will the tax refund process be complicated? What documents need to be prepared? We hope a professional can help answer these questions so we can have a clearer understanding of agency export tax refund matters.
Trade Expert Insights Answers
Under the agency export method, generally, the principal handles the tax refund. This is because the principal is the actual exporter and seller of the goods, possessing ownership and other related rights to the goods. Export tax refund is the reimbursement of value-added tax and consumption tax already levied on exported goods, thus, the principal better meets the qualifications for the tax refund entity.
The general process is as follows: The principal must first obtain an agency export goods certificate, which the agent applies for from their competent tax authority. After the principal obtains the certificate, they prepare documents such as the export customs declaration form and the agency export agreement, and declare the tax refund to the competent tax authority within the stipulated declaration period.
Required documents usually include the agency export goods certificate, export customs declaration form, copy of the agency export agreement, export invoice, etc. Tax authorities in each region may have slight differences, so it is recommended to consult the local tax authorities in advance to ensure all documents are prepared completely and accurately for a smooth tax refund process.
If the principal is a small-scale taxpayer, they can also apply for export exemption. Specific procedures must be carried out according to local tax regulations.
Although the agent does not handle the tax refund, they must assist the principal in completing the relevant procedures, such as providing export-related documents in a timely manner.
If the principal is a manufacturing enterprise, the tax refund calculation method may differ from that of foreign trade enterprises. It is important to distinguish between them.
When declaring for a tax refund, data entry must be accurate, otherwise, the tax refund application may be rejected.
The timing for applying for a tax refund is crucial; overdue declarations may result in not being able to enjoy the tax refund policy.
If the exported goods involve special customs surveillance zones, there may be special regulations for tax refund processing. Extra attention should be paid.
When the principal and the agent sign an agreement, it is best to clarify their respective responsibilities and obligations regarding tax refund matters.
For products with special tax refund policies in certain countries, it is important to understand them in advance and process accordingly.