Mastering Export Tax Rebates: 12 Steps for Compliance

Enterprises should pay attention to the following 12 points when handlingto mitigate potential tax risks:

General taxpayer registration

Importance: Foreign trade enterprises must first complete general taxpayer registration to qualify for export tax rebates,as small-scale taxpayers can only enjoy tax exemption policies and cannot claim rebates.

Supplier selection

Criteria: Prioritize suppliers registered for over 2 years with higher credit ratings.Avoid choosing unreliable suppliers for lower prices,as this may affect export tax rebates.

Accurate declaration

Key points: Accurately declare HS codes,product names,amounts,and weights during customs clearance to ensure non-rebate products are not mistakenly declared as rebate-eligible.

Customs broker cooperation

Selection: Partner with experienced and reliable customs brokers to ensureaccuracy and avoid delays and complications from later amendments to customs declarations.

Compliance in export agency operations

Operation: Conduct agency export business in compliance with regulations to prevent mistakenly treating agency export business as "fake self-operation."

Timely revenue confirmation

Process: Confirm revenue promptly after export per tax requirements,using commercial invoices or other documents specified by tax authorities as accounting basis.

Timely handling of VAT invoices

Handling: Obtain and verify VAT special invoices from suppliers promptly,confirming selections when necessary to ensure information consistency.

Printing and verifying export customs declarations

Practice: Print relevant customs declarations via the electronic port tax rebate module and cross-check them with VAT invoices.

Document filing

Requirement: Export enterprises must complete document filing within 15 days after tax rebate declaration,ensuring legality and accuracy.

Year-end verification

Verification: At year-end,verify export tax rebate declarations,address unclaimed rebates,and ensure timely follow-up on missing invoices or information.

VerificationSituation

Risk Management: Verify the foreign exchange receipts for export tax rebate goods,promptly correct non-compliant operations,and ensure adherence to tax regulations.

Export Tax Exemption Filing

Filing Requirements: Export tax-exempt (exempt but non-refundable) income must be voluntarily filed.Relevant documents must be preserved as per the State Taxation Administrations requirements and retained for future inspection.

By adhering to these precautions,foreign trade enterprises can effectively manage their export tax rebate processes,mitigate tax risks,and ensure operational compliance.