What does tax exemption, credit and refund mean? What are the methods? What part of the tax is the deduction? If you don’t know much about this part of knowledge, let’s learn it together with the Deep Space Network!

What does tax exemption, credit and refund mean?

Tax refund (exemption) for export goods refers to the refund or exemption of export goods from the value-added tax and consumption tax paid in various domestic production links and circulation links in accordance with tax laws in international trade business, that is, for export goods Implement zero tax rate.

What are the current tax refund (exemption) methods for value-added tax on exported goods?

There are currently five tax refund (exemption) methods for the value-added tax on exported goods, as follows:

1. Exemption and tax refund: that is, tax exemption for the value-added part of the export sales process, input Tax refund;

2. Tax first and then tax: that is, tax will be levied first according to the FOB price of the exported goods, and tax will be refunded after the documents are complete;

3. Tax exemption, credit, and refund : That is, the value-added part of the export sales process is tax-free, and the part of the input tax that is allowed to be refunded will be deducted from the tax payable on domestically sold goods, and the part that is insufficient to be deducted will be tax refunded;

4. Tax-free: that is, the tax exemption for export goods Direct exemption from value-added tax and consumption tax;

5. Tax exemption and tax credit: that is, the value-added part of this link is tax-free, and the input tax allowed to be deducted is deducted from the tax payable on domestically sold goods.

What part of the tax amount does the tax exemption, credit and refund amount refer to?

The tax exemption, credit and refund amount is equal to the sum of each tax-free import declaration form multiplied by the tax refund rate. Because although exports can be tax refunded, imported raw materials are also tax-free, and these must be deducted before all tax refunds.

What is the meaning of "tax exemptions, credits and refunds shall not be exempted and tax credits shall be deducted" in export tax rebates?

We use the calculation formula to answer this question:

The calculation formula for tax exemption, credit and refund that cannot be exempted and deducted is:

Tax exemption, credit and refund The amount of tax exemption and deduction is not allowed = FOB price of export goods × foreign exchange RMB price × (tax rate of export goods - tax refund rate of export goods) - the amount of tax exemption and deduction is not allowed

< p>Tax exemptions, offsets and refunds are not allowed. The amount of tax exemptions and deductions = tax-free purchase price of raw materials × (tax rate for export goods - tax refund rate for export goods)