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@Taxpayer: Tax Refund (Exemption) policy hot spot question and answer, please keep it!

2021-12-06

According to China's current tax policy, the export enterprises or other units export goods (including foreign aid, foreign contracting, overseas investment, etc. are regarded as export goods), and provide processing, repair and repair services to foreign countries, the policy of VAT exemption and refund is implemented.If the above-mentioned export goods belong to consumption tax taxable consumer goods, they shall be exempted from consumption tax; if they are purchased and exported goods, the consumption tax already levied on them in the previous link shall be refunded.


Q: we are a bicycle manufacturer and will export our products to Southeast Asia in December 2021.What are the requirements for the declaration procedure of tax refund (Exemption) for export goods?

A: Your enterprise shall collect all tax refund (Exemption) certificates and relevant electronic information within the VAT tax declaration period from the next month of the date of customs declaration (subject to the export date indicated on the export declaration form) to April 30 of the next year, and declare to the competent tax authorities for VAT exemption and refund of export goods.If your enterprise fails to declare within the prescribed time limit, you can apply for the VAT exemption and refund of export goods after receiving all the tax refund (Exemption) certificates and relevant electronic information.

Q: we are a newly established foreign trade enterprise. How to file export tax refund (Exemption) on record?
A: Export enterprises or other units shall provide the following information to the competent tax authorities and go through the filing procedures for export tax rebate (Exemption) at the time of first declaration:
  1.Fill in the true and complete record form of export tax refund (Exemption), in which "bank account number of tax refund account" must be filled in from the bank account number reported to the tax authorities;
  2.If the production enterprise fails to go through the registration and entrusts the export business, it shall provide the entrusted export agreement;
  3.Other materials required by the competent tax authorities.

Q: our company currently exports a batch of goods for foreign aid. When handling VAT export tax refund (Exemption), do you need to provide any special information in addition to the normal documents?

A: For the goods exported by your company for foreign aid, when handling the export tax rebate, it is not necessary to provide other special information except for the documents required for normal VAT export tax refund (Exemption).

Q: our company is an export enterprise, which has undertaken a project overseas and needs to purchase a batch of goods for export to the project site. Is export tax refund (Exemption) applicable to our export goods?If applicable, what information should be provided in addition to normal documents when handling export tax refund (Exemption)?
A: Export goods contracted by export enterprises are regarded as export goods, and VAT refund (Exemption) policy is implemented.
   When handling the export tax rebate, in addition to submitting the normal documents, it should also provide the foreign contracted project contract; If it belongs to the subcontractor, the subcontract (agreement) shall be supplemented when applying for tax refund (Exemption).

Q: our company is a production enterprise. We plan to set up a company overseas with other foreign investors in the form of self-made goods. Can our export goods enjoy the VAT exemption and tax refund policy?
A: Can enjoy the VAT exemption and refund policy.That is to say, the value-added tax in the export link is exempted, and the corresponding input tax is deducted from the value-added tax payable (excluding the value-added tax payable under the policy of "refund immediately after collection" and "refund after collection") and the part not fully offset will be returned.

Q: our company has a batch of goods exported for overseas investment. When handling export tax refund (Exemption), do you need to provide any information in addition to the normal documents?
A: For export goods used for overseas investment, when handling export tax refund (Exemption), in addition to submitting normal documents, copies of documents approved by the Ministry of Commerce and its authorized units shall also be provided.

Q: our company has a batch of used production equipment, which can not be deducted from input tax according to the regulations. Therefore, our company has not calculated and deducted the input tax of the equipment before.Now the equipment is used for overseas investment, can I apply for export tax refund (Exemption)?
A: Can apply for export tax refund (Exemption).The tax basis for VAT refund (Exemption) of the equipment is determined according to the following formula:
Tax refund (Exemption) basis = the amount on the special VAT invoice or the duty paid price indicated in the special payment form for import VAT of customs×Net value of fixed assets of used equipment × original value of used equipment;
Net value of fixed assets of used equipment = original value of used equipment - accumulated depreciation of used equipment.

Q: we are a financial leasing enterprise. What is the time limit for tax refund (Exemption) of export goods under financial leasing and the requirements for providing information?
A: The financial leasing lessor shall collect all tax refund (Exemption) certificates and relevant electronic information and apply for VAT and consumption tax refund of financial leasing goods to the competent tax bureau from the date of declaration for export of financial leasing goods or the date of issuing invoice for the first rent of offshore engineering structures under financial leasing to April 30 of the next year.If your company is unable to declare export tax refund (Exemption) within the specified time limit, you can apply for export tax refund (Exemption) after collecting all the tax refund (Exemption) vouchers and relevant electronic information.
  
When applying for tax refund of financial leasing goods, the leaser of financial leasing shall provide the following information:
  1.For financial leasing of export goods, the declaration form of export goods (for export tax rebate only) shall be provided;
  2.For the financial leasing of offshore engineering structures, the invoice issued when the first rent is collected from the lessee of the offshore engineering structure shall be provided;
  3.Special VAT invoice (deduction sheet) or customs (import value-added tax) special payment form obtained from purchasing financial leasing goods.If the financial leasing goods belong to Consumption Tax Taxable goods, the payment certificate of consumption tax (for export goods) or customs (for import consumption tax) shall also be provided;
  4.The financial leasing contract signed with the lessee with a lease term of more than 5 years (including) (Chinese version with legal effect);
  5.For financial leasing of offshore engineering structures, the receiving list of listed offshore oil and gas exploitation enterprises shall be provided;
  6.Other materials required by tax authorities.

Excerpt from《 "Going global" tax guidelines 》(revised 2021)

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