1, the determination of the sales realization time of export goods of foreign trade enterprises
The realization time of export goods sales, regardless of the mode of transportation (sea, land, air and mail), is the realization time of export sales revenue after obtaining the waybill and handing it in to the bank.
2, foreign trade companies export tax rebate (VAT) accounting
Foreign trade companies must set up separate accounts to calculate the purchase amount and input amount of the exported goods. If the purchased goods cannot be determined to be used for export or domestic sales at that time, they will all be recorded in the export inventory account, and will be transferred from the export inventory account to the domestic inventory account when selling domestically.
(1) The accounting entries when purchasing export goods are as follows:
Borrow: Inventory export commodities.
Taxes payable-VAT payable (input tax)
Loans: bank deposits (accounts payable)
(2) After the goods are exported, according to the difference between tax rate and tax refund rate, the accounting entries for calculating the difference between tax collection and tax refund and the amount of export tax refund receivable are as follows:
Debit: main business cost (difference between tax collection and refund)
export drawback receivable
Credit: Taxes payable-VAT payable (input tax transfer)
-VAT payable (export tax rebate)
(3) Accounting entries upon receipt of export tax rebate:
Debit: bank deposit
Creditor: Export tax rebate receivable
3, foreign trade companies export tax rebate (consumption tax) accounting
If a foreign trade company exports taxable consumer goods by itself, it shall apply to the competent tax authorities for refund of the consumption tax paid after the taxable consumer goods are declared for export.
(1) The accounting entry of export tax refund can be registered as:
Debit: Export tax rebate receivable (consumption tax)
Credit: main business cost
(2) Accounting entries can be recorded in the following ways:
Debit: bank deposit
Credit: Export tax rebate receivable (consumption tax)
Import is export: export tax rebate refers to a measure that part or all of the domestic tax levied on export goods is returned to exporters, which is also an international practice.
1994 1 month 1 day, the laws of the people's Republic of China have zero VAT rate for the goods exported by VAT taxpayers. For export goods, not only are taxes levied in the export link, but the tax authorities return the tax burden of domestic production and circulation of goods, so that the tax-free prices of export goods can enter the international market. According to the Provisional Regulations on VAT,
Due to tax relief and other reasons, the input tax amount of goods is often not equal to the actual tax burden. If the tax is refunded according to the input tax amount of export goods, the tax will also reduce more refund problems. Therefore, there is a calculation rate of tax refund for export goods-export tax rebate rate.
Extended data:
There are two ways to implement export tax rebate:
1, foreign trade enterprises implement tax exemption measures for export goods, that is, the sales of export goods are exempted from value-added tax, and the value-added tax paid by export goods in all aspects of production and circulation is refunded;
2. Exemption, credit and tax refund measures shall be implemented for the goods that the production enterprise or consigned for export, and the connection between exemption of export goods from value-added tax, the purchase of goods for export raw materials, packaging and other domestic sales that contain value-added tax to offset the taxable amount, and the tax refund shall be given for the part that cannot be completely offset.
Export tax rebate shall be managed in a planned way. The Ministry of Finance arranges the export tax rebate plan in the central budget every year, which is issued by State Taxation Administration of The People's Republic of China to all provinces (autonomous regions and municipalities directly under the Central Government). Tax refund for excess plan is not allowed, and the plan of the current year shall not be carried forward to the next year.
Computer electronic management shall be implemented for the tax refund of export enterprises. The export tax rebate subsystem of "Port Electronic Law Enforcement System" has been put into use through computer application, examination and approval since 2003. Export tax refund documents, such as customs declaration and foreign exchange verification documents, are checked with the information of the government agencies that issued the documents, ensuring the authenticity and accuracy of the declaration documents.
References:
Baidu encyclopedia-import and export tax rebate