Export tax refundIt is an extremely important fiscal policy for export companies in international trade, it can not only enhance the international competitiveness of enterprises, but also improve the financial condition of enterprises and promote the development of trade balance.Export tax refundBasic conditions and attention when choosing suppliers are crucial for ensuring that companies can make a smooth tax return declaration and reduce tax risks.

Basic conditions for export tax refunds

In order to apply for export refund, export goods must meet the following four basic conditions:

Goods within the scope of VAT (VAT and consumption tax):This means that only goods that are subject to VAT or consumption tax when sold at home are eligible for export refund.
2) Goods declared to leave the country:The goods must go through the formal customs declaration procedure and successfully leave the country. This is demonstrated by providing the customs export declaration.
Financialally processed goods for sale:Goods to be refunded must be reflected in the financial records of the company in the form of goods sold, which excludes samples or donations for non-sales purposes.
Exported goods:Exporting enterprises must be able to demonstrate that they receive the corresponding foreign exchange income after exporting their goods. The VAT exemption policy may apply to cases where it is not possible to collect directly, but there are certain exceptions.

Attention to the choice of suppliers

In order to ensure the smooth process of export refund declaration and reduce the tax risk, companies should consider the following when selecting suppliers:

Comprehensive assessment of suppliers:Not only should you consider the price, but also pay attention to the quality of the supplier, delivery time, service and tax credit level.
Registration and update of supplier information:Relevant information on suppliers, in particular their status as general taxpayers, tax credit grade, should be collected and registered, and this information should be regularly updated.
Choosing experienced suppliers:Try to choose suppliers with a taxpayer determination period of more than 2 years, such suppliers are usually more regulated tax management and lower risk.
Taxation in the Supply Chain:When purchasing and exporting goods from commercial and trade companies, understand the tax compliance of all aspects of the supply chain, and avoid tax risks caused by upstream supplier problems.

By meeting the basic conditions for export tax refunds and strictly selecting suppliers, export companies can effectively declare tax refunds, reduce tax burden and increase capital liquidity, thereby gaining a greater competitive advantage in the international market. At the same time, this also helps enterprises to establish a good tax management system, reduce business risk and promote the continued healthy development of enterprises.