Foreign trade rebate refers to a tax policy implemented by the state for export commodities. By refunding part or all of the value-added tax, consumption tax, tariff and other taxes on export commodities, export is encouraged, production costs of enterprises are reduced, and export competitiveness is improved.
Foreign trade tax rebate has four significance for enterprises:
Through foreign trade rebate, enterprises can obtain a certain percentage of value-added tax, consumption tax, customs duties and other taxes refund, so as to reduce the production cost of enterprises.
Foreign trade tax rebate can reduce the cost of enterprises, make enterprises have higher price competitiveness in the international market, improve the export sales and market share of enterprises.
Foreign trade tax rebate policy can provide more funds and economic support for enterprises, so as to promote the export growth of enterprises and promote the development of foreign trade.
Through the foreign trade tax rebate policy, enterprises can be encouraged to develop towards the direction of high technology, high added value and high quality export commodities, so as to optimize the foreign trade structure and improve China's position and competitiveness in the international market.
At present, the foreign trade rebate policy mainly includes two aspects, VAT rebate and export tariff rebate.
VAT rebate refers to the implementation of VAT rebate policy for export commodities.
Export goods can be refunded a certain percentage of their value-added tax, which varies according to different product categories, tax rates and regions. The specific tax refund ratio and declaration procedures can refer to the relevant regulations and notices issued by the State Administration of Taxation.
Export tariff refund refers to the policy of tax refund for part or all of the tax payable on export commodities.
Export goods may be refunded the duty they should pay in proportion. The rebate ratio varies according to different product categories and tariff rates. For the specific rebate ratio and declaration process, please refer to the relevant regulations and notices issued by the General Administration of Customs.
The specific implementation of the tax refund policy and the tax refund ratio and other factors may be affected by domestic and foreign economic environment and policy adjustment, enterprises need to pay attention to the policy dynamics in time when declaring, and comply with relevant regulations, to avoid the risk caused by illegal operations.
Therefore, please find the forwarder to verify whether your foreign trade goods can enjoy the policy.