refers to the trade mode of barter according to the agreement between buyers and sellers.

Barter trade refers to a trade mode that directly combines equivalent export goods and imported goods on the basis of exchange of goods.

Characteristics of Barter Trade

Barter trade is flexible in practice, for example, in the delivery time, the import and export can be concluded at the same time, or there can be a first one; In terms of payment method, cash payment can be used, or account can be used to offset each other from the account; On the transaction object, the import object can be one person, while the export object is another person designated by the importer, and so on.

provisions on tax refund (exemption) for barter trade

Export sales of barter trade are basically the same as self-operated export sales in accounting. Only in foreign exchange settlement, barter trade generally accounts for each other, and foreign exchange is not received. Export tax rebate for barter trade is mainly handled by referring to the method of self-operated export tax rebate.

background:

the two parties to the transaction exchange goods directly without using money as a medium. This is one of the international trade methods-barter trade, which originated in South America in the early 193s and has been adopted by more than 9 countries in the world. In barter trade, the two sides do not use cash as a repayment tool, but use one or more commodities to trade in and out of the basic balance according to a certain pricing method. Some of this balance is realized in one transaction, and some are finally realized through multiple transactions in a certain period of time. Barter trade can overcome the trade obstacles caused by the difficulties in foreign exchange payment of one or both parties, and also avoid the impact on trade caused by the fluctuation of foreign exchange value. There are two ways of barter trade, namely, long-term comprehensive barter and one-time single barter. With the development of international trade, the practice of barter trade has become increasingly flexible. In the closing time, the import and export can be closed at the same time, or there can be a first one; In terms of payment methods, you can pay in cash or offset each other on the books through bank accounts; In terms of import and export amount, the import and export amount can be completely equal or roughly equal; In terms of transaction object, import and export can be one transaction object, or one import object and the other export object designated by the importer.