Shanghai Zhongshen International Trade Co., Ltd. - Two decades of trade agency expertise.
Service Hotline: 139 1787 2118
What problems may occur in export tax refunds? How to avoid them?
Category: Export DrawbackDate: October 28, 2024 12:12Source: Shanghai Zhongshen International Trade Co., Ltd.
Home?Export Drawback? What problems may occur in export tax refunds? How to avoid them?
Relevant Introduction
Export DrawbackIt is a policy where the government refunds the value-added tax (VAT) and consumption tax actually borne by export goods during domestic production and circulation to avoid international double taxation when goods are declared for export.
Specific issues that may arise with export tax rebates include the following:
Temporary suspension or withholding of export tax rebates. This occurs when tax authorities identify suspicious points in the export goods declared by a company, leading to delayed or suspended tax rebate reviews and approvals, increasing financial pressure on the company.
Non-standard or overdue documentation. This refers to companies failing to provide complete, consistent, and valid documentation as required or exceeding the declared deadline, resulting in ineligibility for tax rebates or even being treated as domestic sales subject to VAT and consumption tax.
Fraudulent export tax rebate claims. This involves companies using false documentation or transactions to fraudulently obtain state financial funds, causing significant losses to the state and facing severe administrative penalties and criminal liabilities.
To avoid issues with export tax rebates, consider the following approaches:
Understand export tax rebate policies and regulations, and file claims on time, in quantity, and with quality.
Standardize documentation collection and organization, provide complete, consistent, and valid documentation, and avoid rebate issues due to non-standard or overdue submissions.
Strengthen internal management and risk control, prevent fraudulent rebate claims, comply with laws and regulations, and maintain corporate reputation.
Focus on product quality and after-sales service, reduce returns or exchanges, and avoid rebate issues caused by returned goods.