Key Points Of Financial Management In Foreign Trade Enterprises

Export invoice is an important document for export enterprises to handle tax refund.

Export tax rebates require enterprises to provide export invoices supervised by tax authorities, and the time limit for issuing special invoices and export invoices for value-added tax shall be issued before the time limit for export refund (Exemption) of the exported goods.

(1) when exporting goods, foreign trade enterprises should do sales treatment in the month when goods are exported.

(2) the products of the production enterprise shall be exported according to the FOB price. They shall do sales treatment in the month of the export of the goods for customs declaration; the export of the goods should be exported at the price of CIF, and the goods shall be sold after the export of the goods to the customs declaration and the accurate confirmation of the foreign freight, insurance and commission as indicated in the export declaration form.

At present, the export mode of foreign trade enterprises presents new characteristics, that is, to purchase materials at home, and then to export after commissioned production and processing.

The characteristic of this method is that the name of the export goods does not conform to the name of the goods on the special VAT invoice provided by the enterprise when the tax rebate is declared, and a declaration form corresponds to multiple invoices.

Looking at the situation of tax rebate declaration in this way, there are some problems such as simple processing contract and irregular invoice.

To standardize management, the following requirements are clarified.

(1) when reporting tax rebates, enterprises must provide both

Special invoices for vat with processing fees, such as only one special invoice for value-added tax (main material or processing fee), will be taxed according to the documents.

(2) when reporting tax rebates, enterprises should provide detailed and standardized contents of raw material purchase contracts and entrusted processing contracts.

That is, the purchase of raw materials in the purchase and sale contract should have detailed quantities, unit price, amount, settlement method, mode of pportation and so on; entrusted processing contract must specify the unit consumption, loss, and the number of supplied materials and processed products.

(3) the exchange cost of domestic goods purchased and commissioned after processing is not higher than the export exchange rate.

If there is a high cost of exchange settlement, the tax rebate will be calculated after adjustment according to the third provision.

(4) domestic goods purchased and processed after export processing are processed according to the tax rebate rate of raw materials and processed commodities. The tax rebate rate for raw materials and exported commodities is the same. Tax rebates for export commodities can be refunded according to the tax rebate rate of export commodities.

In order to ensure the accuracy of the tax rebate rate, the export enterprise financial thldl.org.cn must provide the export commodity code of the raw materials when the tax rebate declaration, so that the rebate authorities can query and determine the tax rebate rate.

There are more than two customs declarations on the export of foreign trade enterprises.

At the same time, export should include tax refund goods and taxable goods.

In order to ensure that there is no tax loophole in taxable goods, it is required that export enterprises should provide the original vouchers or photocopies of the taxable goods tax payment documents or the tax collection of sales tax when declaring export tax rebates.

Special invoices for value-added tax obtained by foreign trade enterprises are the main documents for export tax rebates.

In accordance with the tax regulations for the time limit for VAT invoices, the supplier shall issue invoices on the day when the goods are issued.

Due to the problems of foreign capital and goods quality, the problem of delayed invoices is outstanding.

Considering the particularity of the export business of foreign trade enterprises and the time requirement for "90 days" for the declaration of export tax rebates, foreign trade enterprises must obtain the value-added tax invoices within 90 days of the export of goods declaration, that is, the date of issuance of VAT invoices.

Within 90 days from the date of the "export date", the invoice issued for more than 90 days will not be refunded according to the time limit of the document.

The export tax rebates of production enterprises are products produced by themselves, and the implementation of non self produced products is a tax policy.

At present, although the business and foreign trade departments allow production enterprises to engage in the import and export business of non self produced products, the above policies and regulations of production enterprises have not changed.

After exporting the goods to the export enterprises, the export enterprises shall declare the tax refund within the reporting period after the full 90 days.

For enterprises with special reasons that cannot be declared on time, but those that meet the requirements for extension declaration, they can be declared up to three months after the approval of the Municipal Council.

For export enterprises that apply for deferred declaration, they must make sales processing according to the regulations, declare tax returns and declare export tax rebates.

Export enterprises failing to comply with the above provisions shall not be allowed to go through the examination and approval procedures.