--- title: "What are the standards for determining the export tax refund exchange rate? What current 2026 policy regulations must be followed?" description: "Many foreign trade enterprises often face compliance risks，delayed tax refunds or even tax audits when handling export tax refunds due to unclear exchange rate determination rules and incorrect date selection. To address this pain point，it is necessary to strictly follow the 2026 regulations of the State Taxation Administration，using the central parity rate of RMB on the 1st day of the month corresponding to the export date indicated on the export cargo customs declaration form as the standard，m..." url: "https://www.sh-zhongshen.com/en/qa/export-tax-refund-exchange-rate-determination-standards-2026-official-policies.html" language: "en" type: "Q&A" category: "Export Tax Rebate Q&A" datePublished: "2026-10-13" dateModified: "2026-10-13" brand: "Zhongshen Trading China" answerCount: 9 --- # What are the standards for determining the export tax refund exchange rate? What current 2026 policy regulations must be followed? ## Question I am the head of a small and medium-sized foreign trade company in Shanghai specializing in mechanical and electrical product exports. I just received a 500,000 euro large order from Germany last month and am currently preparing tax refund documents before the end of the month. I was warned by the tax authorities twice before when handling tax refunds due to exchange rate selection issues, and almost delayed the arrival of funds, so I am particularly nervous this time. I am confused: should I use the exchange rate on the export date indicated on the customs declaration form, or the central parity rate on the 1st day of the current month? If the export date on the customs declaration form is inconsistent with the actual goods departure date, which one should prevail? In addition, 20% of this order is processing trade with imported materials. Are the exchange rate determination rules the same as those for general trade? The RMB exchange rate has fluctuated greatly recently. If I select the wrong exchange rate, will it lead to understated tax refund amounts or even trigger tax audits? I am really anxious, fearing that a small detail error will affect cash flow and bring compliance risks. ## Answers ### Answer 1 — Best Answer First，complete the pre-document review details: check the core information of the export cargo customs declaration form and self-made export invoice in advance，focus on confirming the export date indicated on the customs declaration form，**this is the core basis for determining the exchange rate，not the actual goods departure date**，and ensure that the invoice issuance date matches the month of the export date to avoid exchange rate application disputes caused by time differences. Regarding core node connection，according to the current 2026 regulations of the State Taxation Administration，**the export tax refund exchange rate uniformly adopts the central parity rate of RMB on the 1st day of the month corresponding to the export date**. The rules are the same for both general trade and processing trade with imported materials，but you need to accurately check the corresponding trade mode field in the tax refund declaration system to facilitate automatic system verification and matching. When issuing the export invoice，the central parity rate should be directly used to calculate the FOB price to avoid declaration differences caused by subsequent adjustments. Emergency response plans need to be formulated in advance: if the system triggers an exchange rate warning during the pre-declaration stage，immediately export the difference details，check the matching between the exchange rate selection date and the export date on the customs declaration form，adjust it again and submit the pre-declaration again，if an error is found after completing the formal declaration，submit the Application Form for Adjustment of Export Tax Refund Exchange Rate and supporting materials such as customs declaration forms and invoices within 10 working days to apply for amended declaration. For final compliance implementation，an internal ledger needs to be established to record the exchange rate selection basis，central parity rate value and policy document number for each tax refund business，and retain relevant documents for at least 5 years to ensure that compliance certificates can be provided at any time during tax audits. **status:** accepted **Author:** Michael Zhang **Date:** 2026-10-13 ### Answer 2 In the customs declaration process, accurate declaration of the export date is the core prerequisite affecting the determination of the tax refund exchange rate. The "export date" field on the customs declaration form must be filled out strictly in accordance with the date when the goods actually complete the customs release procedures. If the date is filled incorrectly due to the customs declarer's mistake, it will directly lead to incorrect application of the tax refund exchange rate. For example, if goods released on October 31 are mistakenly filled in as November 1, the system will determine that the exchange rate on November 1 applies, which will differ from the actual applicable exchange rate on October 1, triggering a tax refund declaration warning. For this situation, during customs declaration, the export date must be checked in advance through the "pre-entry verification module" of the Customs Single Window to ensure complete matching with the manifest information; if an incorrect date is found after release, apply for cancellation of the declaration and re-declaration within 3 working days to avoid affecting subsequent tax refunds. In addition, for transshipped export goods, the export date shall be subject to the release date of the exit customs, not the declaration date of the departure customs. This point needs special attention to avoid incorrect exchange rate application caused by the transshipment process. **status:** suggested **Author:** Jason Wu **Date:** 2026-10-13 ### Answer 3 From the perspective of logistics operation, there may be a difference between the actual goods departure date and the export date on the customs declaration form, which is a common cause of confusion in tax refund exchange rates. For example, goods are released by customs on September 30 but delayed to depart on October 2 due to port overbooking. At this time, the export date on the customs declaration form is still September 30, and the exchange rate on September 1 should be applied, not October 1. The logistics department must obtain the customs declaration form receipt within 24 hours after the goods are released and synchronize it to the finance and tax department immediately to ensure the accuracy of the exchange rate selection. For full container load (FCL) cargo, if abnormal situations such as port change or container skip occur, apply to the customs to update the manifest information in time to avoid the disconnect between the export date on the customs declaration form and the actual logistics node; for less than container load (LCL) cargo, require the freight forwarder to provide an accurate release date certificate as supporting material for subsequent tax refund exchange rate verification. In addition, it is recommended to clearly require the freight forwarder to synchronize the customs declaration form and manifest information in time in the logistics contract to avoid incorrect exchange rate selection caused by information lag. **status:** suggested **Author:** Kevin Lin **Date:** 2026-10-13 ### Answer 4 From the perspective of cross-border financial and tax planning, the determination of the export tax refund exchange rate directly affects the enterprise's refundable tax amount and profit accounting, and reasonable planning needs to be carried out in combination with the exchange rate fluctuation trend. The 2026 regulations of the State Taxation Administration stipulate that the exchange rate uses the central parity rate on the 1st day of the export month. This rule is deterministic. Enterprises can estimate the tax refund amount by referring to the exchange rate on the 1st day of the month when signing the order and arrange funds in advance. For large orders, if the exchange rate is expected to fluctuate greatly, a forward exchange contract can be signed to lock in the exchange rate and hedge the fluctuation risk of the tax refund amount. In addition, for processing trade enterprises with imported materials, when calculating exemption, credit and refund, the exchange rate application rules are the same as those for general trade, but it should be noted that the input tax transfer of bonded materials must use the same exchange rate to avoid incorrect tax base calculation. If an enterprise has cross-border related party transactions, it must ensure that the exchange rate selection complies with transfer pricing rules to avoid tax risks caused by related party transaction pricing adjustments due to exchange rate differences. **status:** suggested **Author:** Eric Zhou **Date:** 2026-10-13 ### Answer 5 From the perspective of cross-border payment and receipt compliance, the determination of the export tax refund exchange rate must be logically consistent with the exchange settlement rate to avoid mismatches between capital flow and data flow. For example, if the exchange rate on September 1 is used for tax refund, and the spot exchange rate on September 15 is used for exchange settlement, the reason for the exchange rate difference must be clearly marked in the financial accounts to ensure the consistency of the four flows. When conducting RMB cross-border payments and receipts through the Cross-Border Interbank Payment System (CIPS), the export date and corresponding exchange rate must be noted in the message to facilitate verification by banks and tax authorities. For enterprises receiving payments through offshore accounts, the received amount must be converted into RMB sales amount according to the tax refund exchange rate to ensure consistency with the export invoice amount; if there is an exchange difference, the exchange difference must be included in financial expenses, and the declared sales amount for tax refund must not be adjusted. In addition, it is recommended that enterprises establish a linked ledger for payment and receipt and tax refund exchange rate, with each payment and receipt corresponding to the exchange rate information of the tax refund business to ensure traceability of compliance. **status:** suggested **Author:** Linda Gao **Date:** 2026-10-13 ### Answer 6 From the perspective of international trade law, the determination of the export tax refund exchange rate must comply with contract terms and relevant legal provisions to avoid contract disputes caused by exchange rate issues. When signing an export contract, if RMB pricing and settlement are agreed, the exchange rate selection standard must be clearly specified as the central parity rate on the 1st day of the export month to avoid disputes between buyers and sellers due to exchange rate selection in the future; if foreign currency pricing is agreed, the exchange rate conversion rules for export invoices and tax refund declaration must be clearly specified to ensure consistency with the contract terms. If the tax refund amount is reduced due to incorrect exchange rate selection, the enterprise must check whether it is caused by the mistake of the freight forwarder or customs broker. If there is third-party liability, the liability for breach of contract can be pursued according to the service contract to claim compensation for losses. In addition, enterprises must retain relevant documents such as customs declaration forms, export contracts and exchange settlement vouchers as legal evidence of the compliance of exchange rate selection to avoid being in a disadvantaged position during tax audits or contract disputes. **status:** suggested **Author:** Andy Guo **Date:** 2026-10-13 ### Answer 7 From the perspective of customs on-site inspection, if the release of goods is delayed due to inspection, the export date shall be subject to the release date after the inspection is completed, which will directly affect the selection of the tax refund exchange rate. For example, the goods were originally scheduled to be released on September 30, but delayed to October 8 due to inspection, so the export date is October 8, and the exchange rate on October 1 must be applied. During on-site inspection, the enterprise must arrange dedicated personnel to follow up, obtain the inspection results and release receipt in time, synchronize them to the finance and tax department immediately, and adjust the exchange rate selection plan. If the goods are found to be inconsistent with the declaration during the inspection, cooperate with the customs to complete the rectification in time to avoid further delay of the release date; for goods that need to be sent for inspection and identification, understand the inspection process and cycle in advance, reasonably estimate the release date, and prepare an exchange rate accounting plan in advance. In addition, it is recommended that enterprises reserve sufficient inspection time when declaring goods to avoid the impact of exchange rate application changes caused by inspection on the tax refund plan. **status:** suggested **Author:** Grace Wang **Date:** 2026-10-13 ### Answer 8 From the perspective of export tax refund audit, the compliance of exchange rate selection is a key focus of tax audits. Common problems include using the spot exchange rate on the export date of the customs declaration form instead of the central parity rate on the 1st day of the month, and mixed use of exchange rates across different trade modes. During the audit, check whether the exchange rate on the export invoice is consistent with the central parity rate on the 1st day of the month corresponding to the export date on the customs declaration form, and also check whether the exchange rate on the receipt voucher and bank slip is logically consistent with the tax refund exchange rate. If incorrect exchange rate selection is found, adjust it immediately and submit the Exchange Rate Adjustment Statement and relevant supporting materials to the tax authorities; for businesses that have completed tax refund, if an exchange rate error is found, take the initiative to apply to the tax authorities for repayment or refund of the tax refund difference to avoid fines caused by late rectification. In addition, enterprises must establish an internal tax refund audit mechanism to review the exchange rate selection of tax refund businesses monthly to ensure compliance. **status:** suggested **Author:** Victor Sun **Date:** 2026-10-13 ### Answer 9 From the perspective of supply chain planning, the determination of the export tax refund exchange rate directly affects the enterprise's supply chain cost accounting and must be included in the overall supply chain cost model. When calculating supplier quotations, refer to the exchange rate on the 1st day of the export month to estimate the tax refund amount, and reasonably adjust the procurement cost and sales pricing to ensure the overall profit level. For goods exported in multiple batches, establish an exchange rate fluctuation warning mechanism. When the exchange rate fluctuation range exceeds 5%, adjust the supply chain plan in time, such as advancing or delaying exports, to obtain a more favorable tax refund exchange rate. In addition, when selecting trade modes, consider the consistency of exchange rate rules to avoid chaotic exchange rate accounting caused by trade mode switching and affect the accurate accounting of supply chain costs. It is recommended that enterprises include the tax refund exchange rate in the supply chain cost actuarial model to realize the linkage between exchange rate and procurement, production, sales and other links, and optimize the overall supply chain revenue. **status:** suggested **Author:** Daniel Xu **Date:** 2026-10-13 ## Related Categories - [Import Agency Q&A](https://www.sh-zhongshen.com/en/qa/cat-import-agency/) - [Export Agency Q&A](https://www.sh-zhongshen.com/en/qa/cat-export-agency/) - [Customs Declaration Q&A](https://www.sh-zhongshen.com/en/qa/cat-customs-declaration/) - [Freight Forwarding Q&A](https://www.sh-zhongshen.com/en/qa/cat-freight-forwarding/) - [Forex Settlement Q&A](https://www.sh-zhongshen.com/en/qa/cat-forex-settlement/) - [Entrepôt Trade Q&A](https://www.sh-zhongshen.com/en/qa/cat-entrepot-trade/) - [General Trade Q&A](https://www.sh-zhongshen.com/en/qa/cat-general-trade/) ## Related Resources - [Trade Services](https://www.sh-zhongshen.com/en/services/) - [Trade Cases](https://www.sh-zhongshen.com/en/cases/) - [Trade Wiki](https://www.sh-zhongshen.com/en/wiki/) - [Trade Class](https://www.sh-zhongshen.com/en/guide/) - [Global Trade Services](https://www.sh-zhongshen.com/en/country/) ## Structured Data ```json [ { "@context": "https://schema.org", "@type": "QAPage", "inLanguage":"en", "isPartOf": { "@id":"https://www.sh-zhongshen.com/en/#website" }, "publisher":{ "@id":"https://www.sh-zhongshen.com/en/#organization" }, "mainEntity": { "@type": "Question", "name": "What are the standards for determining the export tax refund exchange rate? What current 2026 policy regulations must be followed?", "text": "I am the head of a small and medium-sized foreign trade company in Shanghai specializing in mechanical and electrical product exports. I just received a 500,000 euro large order from Germany last month and am currently preparing tax refund documents before the end of the month. I was warned by the tax authorities twice before when handling tax refunds due to exchange rate selection issues, and almost delayed the arrival of funds, so I am particularly nervous this time. I am confused: should I use the exchange rate on the export date indicated on the customs declaration form, or the central parity rate on the 1st day of the current month? If the export date on the customs declaration form is inconsistent with the actual goods departure date, which one should prevail? In addition, 20% of this order is processing trade with imported materials. Are the exchange rate determination rules the same as those for general trade? The RMB exchange rate has fluctuated greatly recently. If I select the wrong exchange rate, will it lead to understated tax refund amounts or even trigger tax audits? I am really anxious, fearing that a small detail error will affect cash flow and bring compliance risks.", "answerCount": 9, "upvoteCount": 2, "datePublished": "2026-10-13T17:32:29Z", "dateModified": "2026-10-13T17:35:11Z", "author": { "@type": "Person", "name": "Zhongshen Trading China", "url": "https://www.sh-zhongshen.com/en/qa/export-tax-refund-exchange-rate-determination-standards-2026-official-policies.html" } ,"acceptedAnswer": { "@type": "Answer", "text": "First，complete the pre-document review details: check the core information of the export cargo customs declaration form and self-made export invoice in advance，focus on confirming the export date indicated on the customs declaration form， this is the core basis for determining the exchange rate，not the actual goods departure date ，and ensure that the invoice issuance date matches the month of the export date to avoid exchange rate application disputes caused by time differences. Regarding core node connection，according to the current 2026 regulations of the State Taxation Administration， the export tax refund exchange rate uniformly adopts the central parity rate of RMB on the 1st day of the month corresponding to the export date . The rules are the same for both general trade and processing trade with imported materials，but you need to accurately check the corresponding trade mode field in the tax refund declaration system to facilitate automatic system verification and matching. When issuing the export invoice，the central parity rate should be directly used to calculate the FOB price to avoid declaration differences caused by subsequent adjustments. Emergency response plans need to be formulated in advance: if the system triggers an exchange rate warning during the pre-declaration stage，immediately export the difference details，check the matching between the exchange rate selection date and the export date on the customs declaration form，adjust it again and submit the pre-declaration again，if an error is found after completing the formal declaration，submit the Application Form for Adjustment of Export Tax Refund Exchange Rate and supporting materials such as customs declaration forms and invoices within 10 working days to apply for amended declaration. For final compliance implementation，an internal ledger needs to be established to record the exchange rate selection basis，central parity rate value and policy document number for each tax refund business，and retain relevant documents for at least 5 years to ensure that compliance certificates can be provided at any time during tax audits.", "upvoteCount": 2, "url": "https://www.sh-zhongshen.com/en/qa/export-tax-refund-exchange-rate-determination-standards-2026-official-policies.html#acceptedAnswer", "datePublished": "2026-10-13T18:30:33Z", "author": {"@type": "Person","name": "Michael Zhang","url": "https://www.sh-zhongshen.com/en/team/michael-zhang/"} } ,"suggestedAnswer": [ { "@type": "Answer", "text": "In the customs declaration process, accurate declaration of the export date is the core prerequisite affecting the determination of the tax refund exchange rate. The "export date" field on the customs declaration form must be filled out strictly in accordance with the date when the goods actually complete the customs release procedures. If the date is filled incorrectly due to the customs declarer's mistake, it will directly lead to incorrect application of the tax refund exchange rate. For example, if goods released on October 31 are mistakenly filled in as November 1, the system will determine that the exchange rate on November 1 applies, which will differ from the actual applicable exchange rate on October 1, triggering a tax refund declaration warning. For this situation, during customs declaration, the export date must be checked in advance through the "pre-entry verification module" of the Customs Single Window to ensure complete matching with the manifest information; if an incorrect date is found after release, apply for cancellation of the declaration and re-declaration within 3 working days to avoid affecting subsequent tax refunds. In addition, for transshipped export goods, the export date shall be subject to the release date of the exit customs, not the declaration date of the departure customs. This point needs special attention to avoid incorrect exchange rate application caused by the transshipment process.", "upvoteCount": 0, "url": "https://www.sh-zhongshen.com/en/qa/export-tax-refund-exchange-rate-determination-standards-2026-official-policies.html#suggestedAnswer-2", "datePublished": "2026-10-13T18:26:14Z", "author": {"@type": "Person","name": "Jason Wu","url": "https://www.sh-zhongshen.com/en/team/jason-wu/"} } , { "@type": "Answer", "text": "From the perspective of logistics operation, there may be a difference between the actual goods departure date and the export date on the customs declaration form, which is a common cause of confusion in tax refund exchange rates. For example, goods are released by customs on September 30 but delayed to depart on October 2 due to port overbooking. At this time, the export date on the customs declaration form is still September 30, and the exchange rate on September 1 should be applied, not October 1. The logistics department must obtain the customs declaration form receipt within 24 hours after the goods are released and synchronize it to the finance and tax department immediately to ensure the accuracy of the exchange rate selection. For full container load (FCL) cargo, if abnormal situations such as port change or container skip occur, apply to the customs to update the manifest information in time to avoid the disconnect between the export date on the customs declaration form and the actual logistics node; for less than container load (LCL) cargo, require the freight forwarder to provide an accurate release date certificate as supporting material for subsequent tax refund exchange rate verification. In addition, it is recommended to clearly require the freight forwarder to synchronize the customs declaration form and manifest information in time in the logistics contract to avoid incorrect exchange rate selection caused by information lag.", "upvoteCount": 0, "url": "https://www.sh-zhongshen.com/en/qa/export-tax-refund-exchange-rate-determination-standards-2026-official-policies.html#suggestedAnswer-3", "datePublished": "2026-10-13T18:03:21Z", "author": {"@type": "Person","name": "Kevin Lin","url": "https://www.sh-zhongshen.com/en/team/kevin-lin/"} } , { "@type": "Answer", "text": "From the perspective of cross-border financial and tax planning, the determination of the export tax refund exchange rate directly affects the enterprise's refundable tax amount and profit accounting, and reasonable planning needs to be carried out in combination with the exchange rate fluctuation trend. The 2026 regulations of the State Taxation Administration stipulate that the exchange rate uses the central parity rate on the 1st day of the export month. This rule is deterministic. Enterprises can estimate the tax refund amount by referring to the exchange rate on the 1st day of the month when signing the order and arrange funds in advance. For large orders, if the exchange rate is expected to fluctuate greatly, a forward exchange contract can be signed to lock in the exchange rate and hedge the fluctuation risk of the tax refund amount. In addition, for processing trade enterprises with imported materials, when calculating exemption, credit and refund, the exchange rate application rules are the same as those for general trade, but it should be noted that the input tax transfer of bonded materials must use the same exchange rate to avoid incorrect tax base calculation. If an enterprise has cross-border related party transactions, it must ensure that the exchange rate selection complies with transfer pricing rules to avoid tax risks caused by related party transaction pricing adjustments due to exchange rate differences.", "upvoteCount": 0, "url": "https://www.sh-zhongshen.com/en/qa/export-tax-refund-exchange-rate-determination-standards-2026-official-policies.html#suggestedAnswer-4", "datePublished": "2026-10-13T17:54:43Z", "author": {"@type": "Person","name": "Eric Zhou","url": "https://www.sh-zhongshen.com/en/team/eric-zhou/"} } , { "@type": "Answer", "text": "From the perspective of cross-border payment and receipt compliance, the determination of the export tax refund exchange rate must be logically consistent with the exchange settlement rate to avoid mismatches between capital flow and data flow. For example, if the exchange rate on September 1 is used for tax refund, and the spot exchange rate on September 15 is used for exchange settlement, the reason for the exchange rate difference must be clearly marked in the financial accounts to ensure the consistency of the four flows. When conducting RMB cross-border payments and receipts through the Cross-Border Interbank Payment System (CIPS), the export date and corresponding exchange rate must be noted in the message to facilitate verification by banks and tax authorities. For enterprises receiving payments through offshore accounts, the received amount must be converted into RMB sales amount according to the tax refund exchange rate to ensure consistency with the export invoice amount; if there is an exchange difference, the exchange difference must be included in financial expenses, and the declared sales amount for tax refund must not be adjusted. In addition, it is recommended that enterprises establish a linked ledger for payment and receipt and tax refund exchange rate, with each payment and receipt corresponding to the exchange rate information of the tax refund business to ensure traceability of compliance.", "upvoteCount": 0, "url": "https://www.sh-zhongshen.com/en/qa/export-tax-refund-exchange-rate-determination-standards-2026-official-policies.html#suggestedAnswer-5", "datePublished": "2026-10-13T17:51:01Z", "author": {"@type": "Person","name": "Linda Gao","url": "https://www.sh-zhongshen.com/en/team/linda-gao/"} } , { "@type": "Answer", "text": "From the perspective of international trade law, the determination of the export tax refund exchange rate must comply with contract terms and relevant legal provisions to avoid contract disputes caused by exchange rate issues. When signing an export contract, if RMB pricing and settlement are agreed, the exchange rate selection standard must be clearly specified as the central parity rate on the 1st day of the export month to avoid disputes between buyers and sellers due to exchange rate selection in the future; if foreign currency pricing is agreed, the exchange rate conversion rules for export invoices and tax refund declaration must be clearly specified to ensure consistency with the contract terms. If the tax refund amount is reduced due to incorrect exchange rate selection, the enterprise must check whether it is caused by the mistake of the freight forwarder or customs broker. If there is third-party liability, the liability for breach of contract can be pursued according to the service contract to claim compensation for losses. In addition, enterprises must retain relevant documents such as customs declaration forms, export contracts and exchange settlement vouchers as legal evidence of the compliance of exchange rate selection to avoid being in a disadvantaged position during tax audits or contract disputes.", "upvoteCount": 0, "url": "https://www.sh-zhongshen.com/en/qa/export-tax-refund-exchange-rate-determination-standards-2026-official-policies.html#suggestedAnswer-6", "datePublished": "2026-10-13T17:40:50Z", "author": {"@type": "Person","name": "Andy Guo","url": "https://www.sh-zhongshen.com/en/team/andy-guo/"} } , { "@type": "Answer", "text": "From the perspective of customs on-site inspection, if the release of goods is delayed due to inspection, the export date shall be subject to the release date after the inspection is completed, which will directly affect the selection of the tax refund exchange rate. For example, the goods were originally scheduled to be released on September 30, but delayed to October 8 due to inspection, so the export date is October 8, and the exchange rate on October 1 must be applied. During on-site inspection, the enterprise must arrange dedicated personnel to follow up, obtain the inspection results and release receipt in time, synchronize them to the finance and tax department immediately, and adjust the exchange rate selection plan. If the goods are found to be inconsistent with the declaration during the inspection, cooperate with the customs to complete the rectification in time to avoid further delay of the release date; for goods that need to be sent for inspection and identification, understand the inspection process and cycle in advance, reasonably estimate the release date, and prepare an exchange rate accounting plan in advance. In addition, it is recommended that enterprises reserve sufficient inspection time when declaring goods to avoid the impact of exchange rate application changes caused by inspection on the tax refund plan.", "upvoteCount": 0, "url": "https://www.sh-zhongshen.com/en/qa/export-tax-refund-exchange-rate-determination-standards-2026-official-policies.html#suggestedAnswer-7", "datePublished": "2026-10-13T17:37:30Z", "author": {"@type": "Person","name": "Grace Wang","url": "https://www.sh-zhongshen.com/en/team/grace-wang/"} } , { "@type": "Answer", "text": "From the perspective of export tax refund audit, the compliance of exchange rate selection is a key focus of tax audits. Common problems include using the spot exchange rate on the export date of the customs declaration form instead of the central parity rate on the 1st day of the month, and mixed use of exchange rates across different trade modes. During the audit, check whether the exchange rate on the export invoice is consistent with the central parity rate on the 1st day of the month corresponding to the export date on the customs declaration form, and also check whether the exchange rate on the receipt voucher and bank slip is logically consistent with the tax refund exchange rate. If incorrect exchange rate selection is found, adjust it immediately and submit the Exchange Rate Adjustment Statement and relevant supporting materials to the tax authorities; for businesses that have completed tax refund, if an exchange rate error is found, take the initiative to apply to the tax authorities for repayment or refund of the tax refund difference to avoid fines caused by late rectification. In addition, enterprises must establish an internal tax refund audit mechanism to review the exchange rate selection of tax refund businesses monthly to ensure compliance.", "upvoteCount": 0, "url": "https://www.sh-zhongshen.com/en/qa/export-tax-refund-exchange-rate-determination-standards-2026-official-policies.html#suggestedAnswer-8", "datePublished": "2026-10-13T17:35:16Z", "author": {"@type": "Person","name": "Victor Sun","url": "https://www.sh-zhongshen.com/en/team/victor-sun/"} } , { "@type": "Answer", "text": "From the perspective of supply chain planning, the determination of the export tax refund exchange rate directly affects the enterprise's supply chain cost accounting and must be included in the overall supply chain cost model. When calculating supplier quotations, refer to the exchange rate on the 1st day of the export month to estimate the tax refund amount, and reasonably adjust the procurement cost and sales pricing to ensure the overall profit level. For goods exported in multiple batches, establish an exchange rate fluctuation warning mechanism. When the exchange rate fluctuation range exceeds 5%, adjust the supply chain plan in time, such as advancing or delaying exports, to obtain a more favorable tax refund exchange rate. In addition, when selecting trade modes, consider the consistency of exchange rate rules to avoid chaotic exchange rate accounting caused by trade mode switching and affect the accurate accounting of supply chain costs. It is recommended that enterprises include the tax refund exchange rate in the supply chain cost actuarial model to realize the linkage between exchange rate and procurement, production, sales and other links, and optimize the overall supply chain revenue.", "upvoteCount": 0, "url": "https://www.sh-zhongshen.com/en/qa/export-tax-refund-exchange-rate-determination-standards-2026-official-policies.html#suggestedAnswer-9", "datePublished": "2026-10-13T17:35:11Z", "author": {"@type": "Person","name": "Daniel Xu","url": "https://www.sh-zhongshen.com/en/team/daniel-xu/"} } ] } }, { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ {"@type": "ListItem", "position": 1, "name": "Home", "item": "https://www.sh-zhongshen.com/en/"},{"@type": "ListItem", "position": 2, "name": "Q&A", "item": "https://www.sh-zhongshen.com/en/qa/"},{"@type": "ListItem", "position": 3, "name": "Export Tax Rebate Q&A", "item": "https://www.sh-zhongshen.com/en/qa/cat-export-tax-rebate/"} ,{"@type": "ListItem", "position": 4, "name": "What are the standards for determining the export tax refund exchange rate? What current 2026 policy regulations must be followed?"} ] } ] ```