I believe that many friends who do cross-border e-commerce have a certain degree of understanding of the relevant policies and topics of export tax rebates. Based on certain reasons and circumstances, the tax authorities will return the collected taxes to the taxpayers in accordance with relevant regulations and procedures. The business process is called export tax rebate.
The implementation of the export tax rebate policy can not only reduce some of the costs of import and export enterprises, but also increase the competitiveness of enterprises. However, only general taxpayers with import and export rights can apply for tax rebates. Individuals do not have import and export rights, so many enterprises or SOHOs will apply for tax rebates on their own, and some will find export agency companies to do the tax rebate process on their behalf.
So why do companies look for agencies to do tax rebates on their behalf? What problems can agency tax rebates solve for companies? Let’s take a look if you are interested.
1. Why do companies look for agents to do tax rebate applications on their behalf?
If export companies want to apply for tax rebates on their own, they must first have a professional financial team that is quite familiar with the export tax rebate process, and the operation of the tax rebate process requires rich experience. The tax rebate amount of many new export companies is relatively high, which will extend the tax rebate time for a long time. In addition, export enterprises often encounter other problems when applying for tax refunds.
(1) The tax refund process is complicated and troublesome, and the cost of hiring professional external account financial tax refund is relatively high.
(2) There is no professional guidance in the export customs declaration process, which may lead to some minor errors in the data and cause the tax refund to fail.
(3) The longer the tax refund operation takes, the greater the risk of unsuccessful tax refund.
(4) The long tax refund time leads to delays in corporate tax payments, which also causes difficulties in capital turnover for some companies.
2. What problems can tax refund agents solve?
(1) Professional tax refund teams control the tax refund process, which can save companies 30% of their labor costs in terms of preparing tax refund materials.
(2) Professionals follow up on the tax refund process and the details that need to be paid attention to in each link, which can control the risks of tax refunds in advance.
(3) You can advance the tax refund amount, and you can get the tax refund amount in as fast as 3 days, solving the problem of capital turnover for enterprises.
(4) There is no error in the foreign exchange arrival, and the enterprise can operate by itself and settle the payment at any time.
The above are the problems encountered by enterprises when applying for tax refunds by themselves, as well as the advantages of looking for an agent to handle refunds. Enterprises can choose according to their current situation when operating. I hope it can help you.