The reasonable range of exchange costs is controlled between 5 and 8. If the exchange costs are higher than the bank's foreign exchange price, exports will be a loss, and vice versa. If the exchange cost is higher than the upper limit, a description of the exchange cost must be written. Usually, if there are multiple different commodities on a customs declaration that all use the same HS code, it will cause high exchange costs. At this time, you only need to calculate the exchange cost of each commodity according to the exchange cost calculation formula of the export tax rebate review system.
1. Calculation of exchange cost: exchange cost of export commodities = required for leaving the factory Total cost (RMB)/Net export sales revenue (foreign currency);
2. Foreign exchange cost refers to the cost of domestic currency (RMB) for an export commodity in exchange for one unit of foreign exchange. In other words, how many RMB of "total export cost" can be exchanged for "net foreign exchange income" per unit of foreign currency.
1. The formula for calculating the exchange cost of the export tax refund review system:
The exchange cost of each export under the same commodity code under the same associated number in the export tax refund detailed declaration form = [ Tax calculation amount + tax calculation amount × (tax rate - refund rate) - consumption tax refundable] ÷ US dollar export amount. When an export enterprise declares a tax refund, if export commodities of different values ??and specifications are mixed and calculated using a unified commodity code, no adjustment will be made after verification; when an export enterprise declares a tax refund, if the export or purchase quantity, amount and commodity code are incorrectly filled in, the application Correct data is entered after the adjustment method is reversed; if the export or purchase price of export commodities is abnormal, please note that the exchange cost is not calculated for every business. It is only calculated for the entire customs declaration when the exchange cost of a single item is high. The cost of exchange will be fine as long as the entire order is within a reasonable range.
2. Several concepts need to be explained:
Tax amount: It is the price excluding tax. It is the tax-excluding cost of the products purchased by the enterprise, and the tax amount × (tax rate-refund rate): Because many products in our country do not implement the policy of refunding the amount of tax collected, the difference in tax collection and refund needs to be borne by export enterprises. Refundable consumption tax: The consumption tax is an in-price tax, and the amount collected will be refunded, so export enterprises do not need to bear this tax. U.S. dollar export volume: The U.S. dollar export volume is FOB price. If the transaction method is CIF or other, it should be converted into FOB. It is an important reference data for monitoring foreign exchange costs, and enterprises should enter it carefully.