As long as the enterprise is a general taxpayer, and the products exported by the enterprise belong to the national tax rebate program, the products, after exporting, can apply for tax refund to the IRS to enjoy the export tax rebate policy. All general trade exports are subject to tax refund and tax exemption. Sample exports are excluded. All exported goods must have all the VAT invoices issued in the same year, otherwise there is no refund to return the levy.

Export tax rebate is generally divided into two kinds:

① production-based enterprise tax rebate, that is, the production of export products with incoming raw materials or semi-finished products, processed into products for export, the refund of the VAT it has been paid on input raw materials;.

② trade-based enterprise tax rebate, that is, trade-based enterprises in the export of goods after customs clearance, the refund of its domestic purchase of goods has been paid the commodity value-added tax.

There are 4 conditions that need to be met for an export tax refund:
- The goods must be within the scope of VAT and consumption tax.
-The goods must be declared for export at customs clearance.
-The goods must be treated as export sales for financial purposes.
-Goods that have received foreign exchange and have been written off.

The state stipulates that the goods exported by foreign trade enterprises must have the above four conditions at the same time. Production enterprises applying for tax rebates for exported goods must add one more condition, that is, the goods applying for tax rebates must be the self-produced goods of the production enterprise or the goods deemed to be self-produced in order to apply for tax rebates.

Required materials for export tax refund:

-Invoices, box lists, contracts
-Customs declaration
-Purchase invoice.
-Clearance water bill or notification of foreign exchange collection.
-Product taxing certificate.
-Proof that the export collection has been canceled.
-The direct export or commissioned export of homemade products belonging to the production enterprise, where the CIF settlement, should also be accompanied by export cargo waybill and export insurance policy.
Enterprises with imported materials processing re-export products business, should also be reported to the tax authorities imported materials, pieces of the contract number, date, name of imported materials, quantity, re-export product name, the cost of imported materials and the amount of various taxes paid.
-Other materials related to export tax rebate.

Export tax refund process:

1. Delivery and Inspection of Relevant Documents and Collection of Registration Forms
Enterprises shall register for export enterprise tax rebate within 30 days after obtaining the documents approved by the relevant departments for their business of exporting products and the certificate of industrial and commercial registration issued by the administration for industry and commerce.
2. Declaration and acceptance of tax refund registration
After receiving the registration form for export enterprise tax rebate, the enterprise shall fill in the registration form and the relevant requirements, affix the official seal of the enterprise and the seal of the relevant personnel, and then submit it to the tax authorities together with the approval document of the right to operate export products, the certificate of industrial and commercial registration and other supporting information, and the tax authorities shall accept the registration after the examination and verification of the correctness of the registration.
3. Fill in and issue the registration certificate for export tax rebate
Upon receiving the formal application from the enterprise, the tax authority will issue the export tax refund registration to the enterprise after reviewing and approving the application in accordance with the stipulated procedures.
4.Change or Cancellation of Export Tax Refund Registration
When the business situation of the enterprise changes or some tax rebate policy changes, should be based on the actual need to change or cancel the tax rebate registration.

The Basics of Forex Locking
The core of foreign exchange locking lies in locking in future exchange rates. When an enterprise anticipates the need for foreign currency exchange at some point in the future, it can determine a fixed exchange rate by entering into an agreement with a bank or other financial institution. Regardless of how the exchange rate changes in the market afterward, the transaction will be executed at the pre-agreed exchange rate. This provides a stable financial planning environment for the enterprise and reduces the uncertainty caused by exchange rate fluctuations.

Steps in the operation of the foreign exchange lock
The operation of foreign exchange lock usually includes the following steps.
Determine the type and amount of foreign currency to be locked.
Choose the appropriate lock period, that is, the length of time to lock the exchange rate to communicate with the bank or financial institution to understand the current cost of locking the exchange rate. Sign the locking agreement to clarify the rights and obligations of both parties.
Complete the foreign exchange within the agreed time.

Application Scenarios of Foreign Exchange Locking
Foreign exchange locks are widely used in import and export trade, cross-border investment, overseas mergers and acquisitions and other scenarios. For example, a Chinese company plans to import a batch of equipment from the United States and expects to pay for the goods one year later. In order to avoid the increase in cost due to the appreciation of the US dollar, the company may choose to sign a foreign exchange lock agreement with the bank now to lock the exchange rate for future payments at a lower level. Advantages and Risks of Foreign Exchange Locking
The main advantage of foreign exchange locking is that it can help companies or individuals effectively manage exchange rate risk and provide financial stability. However, it also has certain limitations. First, if the market exchange rate moves in a favorable direction, then locking the exchange rate may result in missing out on better trading opportunities; second, locking the exchange rate agreement usually requires the payment of a certain fee, which increases the financial cost of the enterprise.

How to choose the right locking strategy
Choosing the right locking strategy for you requires the consideration of a number of factors, including the expected exchange rate movements, the company's financial situation, liquidity needs, and so on. Generally speaking, for those companies that are more sensitive to foreign exchange risk, the use of foreign exchange locking strategy can effectively stabilize the financial situation; and for those who are willing to bear a certain amount of risk in pursuit of a higher return on investment, may be more inclined not to lock the exchange rate, the use of market fluctuations in order to obtain profits.

Beijing Antech can quickly handle your export tax rebate, foreign exchange lock, ATA documents, export customs clearance, ATA return customs clearance, international air and sea transportation and other business, welcome to consult at any time!

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