Important! From May 1st, there will be major adjustments to export tax rebates! Export companies nee

2021-01-25 16:45

1. Changes in export tax rebate rates

Official announcement: "Notice on Adjusting Value-Added Tax Rates" issued by the Ministry of Finance on April 4 (Caishui [2018] No. 32) Address: http:/www.chinatax.gov.cn/n810341/n810755/c3377945/content.html

From May 1st:

For export goods that originally applied the 17% tax rate and the export tax rebate rate was 17%, the export tax rebate rate was adjusted to 16%. For export goods and cross-border taxable activities that originally applied the 11% tax rate and the export tax rebate rate of 11%, the export tax rebate rate was adjusted to 10%.

For foreign trade enterprises that exported goods covered by Article 4 before July 31, 2018, and cross-border taxable activities covered by Article 4 of sales, and the value-added tax has been levied at the pre-adjusted tax rate at the time of purchase, the pre-adjusted export tax rebate rate shall be implemented ; If value-added tax has been levied at the adjusted tax rate at the time of purchase, the adjusted export tax rebate rate shall be implemented. The export tax rebate rate before the adjustment shall be implemented for the goods covered by Article 4 and the cross-border taxable activities covered by Article 4 for sales by the production enterprise before July 31, 2018. Adjust the implementation time of the export goods tax rebate rate and the time of export goods, based on the export date indicated on the export goods declaration form, adjust the implementation time of the Gulf border tax rebate rate and the time of sales of cross-border taxable activities, to The date of issuance of the export invoice shall prevail.

Interpret it:

The export tax rebate rate has been adjusted downward along with the value-added tax rate. May 1-July 31 is the transition period between the old and new tax rates.

Goods and services exported on or before July 31, 2018

The original tax rebate rate is 17%. If a special invoice with a tax rate of 17% is obtained, the tax rebate rate shall be applied for at the tax rebate rate of 17%; for a special invoice with a tax rate of 16%, the tax rebate shall be applied for at a tax rebate rate of 16%; the original tax rebate rate shall be 11%. For goods and services, obtain a special invoice with a tax rate of 11% and apply for a tax refund at the rate of 11%; for a special invoice with a tax rate of 10%, apply for a tax refund at the rate of 10%.

Other tax rebate rates (15%, 13%, 9%, 6%, 5%) will not be affected.

Goods and services exported on and after August 1, 2018

For goods and services with the original tax rebate rate of 17%, special invoices with tax rates of 17% and 16% will be obtained, and the tax refund will be applied for at a uniform tax rebate rate of 16%; for goods and services with the original tax rebate rate of 11%, special invoices for the tax rate of 11% and 10% will be obtained Invoices, apply for tax refund at a uniform rate of 10%.

For example: Foreign trade company A purchased a batch of goods from the factory in March. At that time, the 17% tax rate was applied and the export tax rebate rate was 17%. If it declares for export before July 31, it will be refunded at 17%; if A is in 8 Only export this batch of goods in January, so only 16% can be refunded. After May 1, in principle, the factory can only issue invoices based on the new value-added tax rate, then the tax refund will also be based on the new tax rate.

2. Cancellation of pre-declaration and simplified declaration procedures

Official announcement: "Announcement on Issues Concerning Export Tax Refund (Exemption) Declaration" issued by the State Administration of Taxation on April 19 (State Administration of Taxation Announcement No. 16, 2018) Address: http:/www.chinatax.gov.cn/ n810341/n810755/c3411502/content.htmlThis announcement is also effective from May 1, 2018. A brief quick read:

1. Cancel the pre-declaration of export tax refund (exemption);

2. Cancel the submission of the "VAT Tax Return";

3. Cancel the declaration of imported goods (for processing trade only);

4. Cancel the submission of the "Declaration of Export Tax Rebate Purchase Sub-Batch";

5. Cancel the submission of vouchers and materials without relevant electronic information;

6. Simplified the "Export Tax Refund (Exemption) Filing Form";

7. Simplified the verification process and statements of the annual processing business with imported materials;

8. Clarified the requirements for the application for export tax refund (exemption) extension declaration, and activated the "Export Tax Refund (Exemption) Extension Declaration Application Form";

9. Clarify three situations of export enterprises that need to provide export goods receipts for export tax rebate (exemption) declaration;

10. Clarify the requirements and procedures for re-evaluating the classification management category of export enterprises;

11. Clarified the information that domestic units should provide when they declare export tax rebates (exemptions) when they provide space transportation services or deliver space vehicles and related goods in orbit, and use the "Space Launch Business Export Tax Rebate Declaration Schedule";

12. Provisions for the "Abolition Documents, Clause Catalog".

Doesn't it seem much simpler? However, in fact, after May 1st, export companies need to pay special attention to the accuracy of export tax refund declaration data!

3. The latest export tax rebate rate library must be used

Official announcement: "Notice on Issuing the 2018B Version of the Export Tax Rebate Rate Library" issued by the State Administration of Taxation on April 11

Address: htp:/www.chinatax.gov.cn/n810341/n810755/c3397761/content.html The State Administration of Taxation has adjusted the export tax rebate rate library, and all export companies must use it from 0:00 on May 1, 2018 The latest export tax rebate rate library (2018B version) for export tax rebate (exemption) declaration.

Bottom line: The Inland Revenue Department will post the latest one. If you don't understand, please contact the local tax office.

4. Export tax rebates for small-scale taxpayers

Official Announcement: "Announcement on Unifying Small-scale Taxpayers Standards on Export Tax Rebates (Exemption) Issues" issued by the State Administration of Taxation on April 22 (State Administration of Taxation Announcement No. 20, 2018) Address: http:/www.chinatax .gov.cn/n810341/n810755/c3414319/content.html

After May 1, in accordance with Article 2 of the "Notice of the Ministry of Finance and the State Administration of Taxation on Unifying the Standards for Small-scale Value-Added Taxpayers" (Caishui [2018] No. 33), in accordance with Article 2 of the "Implementation Rules for the Provisional Regulations of the People's Republic of China on Value-Added Tax" Article 28 stipulates that units and individuals that have been registered as general taxpayers of value-added tax, and whose annual VAT sales are 5 million yuan or less, can be re-registered as small-scale taxpayers before December 31, 2018. Small-scale taxpayers can enjoy the policy of simple calculation of value-added tax.

If you switch from a general taxpayer to a small-scale taxpayer, what about the previous export tax rebate?

The announcement clarified that the export of goods and services subject to the VAT refund (exemption) policy during the period of general taxpayers by the re-registered taxpayer, and the occurrence of cross-border taxable behaviors (hereinafter referred to as export goods, services, and services) where the applicable value-added tax rate is zero Continue to handle tax refunds (exemptions) in accordance with current regulations. The value-added tax exemption policy shall apply to the export of goods, services and services from the next period of the transfer registration date, and the VAT tax declaration shall be made in accordance with the relevant regulations of small-scale taxpayers.

For example: Export company B (with 1 month as 1 tax period) applied to the tax authority for registration as a small-scale taxpayer on May 10, 2018, according to

Article 1 of the "Announcement" stipulates that for the goods that Company B declares for export before May 31, 2018 (the export date indicated in the customs declaration form is before May 31, 2018), the VAT refund (exemption) policy shall be applied and the registration shall be transferred. Later, you can continue to apply for export tax refund (exemption) in accordance with current regulations. For goods that the company declares for export after June 1, 2018 (the export date indicated in the customs declaration form is after June 1, 2018), the tax exemption policy will be applied, and the VAT tax declaration should be filed in accordance with the relevant regulations of small-scale taxpayers .