Home?Export Drawback? How long does it take to handle foreign trade export tax rebates?
Relevant Introduction
Export enterprises should pay special attention to declaration procedures when handlingExport Drawbackand maintain strict time management to avoid losses.
When handling export tax rebates, pay attention to four time limit regulations
Pay attention to the time limit
30 days:foreign tradeAfter purchasing export goods, the company must promptly receive the value-added tax special invoice or ordinary invoice issued by the supplier. For invoices related to anti-counterfeiting tax-controlled VAT, they must be validated within 30 days from the date of issuance.
90 days: Foreign trade enterprises must complete export tax rebate declaration procedures within 90 days from the date of goods export declaration, while manufacturing enterprises must complete tax exemption and rebate declaration procedures within 3 months from the date of goods export declaration.
180 days: Export enterprises must submit export documents to the local tax rebate authorities within 180 days from the date of customs declaration (excluding forward remittance).A complete export agency agreement should be attached with:Verification form (excluding forward remittance).
3-month extension: If paper export tax rebate documents are lost or filled incorrectly and can be replaced or modified according to relevant regulations, export enterprises may apply to the tax rebate authorities for an extension of the export tax rebate declaration period during the declaration period. Upon approval, the extension can be up to 3 months.
Calculation formula for export tax rebates
Tax refund calculation formula
Current refundable tax amount = FOB price of export goods × RMB exchange rate × tax rebate rate
The above is the relevant content about How long does it take to process foreign trade export tax rebates? When handling export tax rebates, attention should be paid to the declaration procedures and time management. Since correcting errors in export tax rebate declarations can be difficult, it is advisable to seek assistance from an agency company if unfamiliar with related matters.