Detailed explanation of cross-border e-commerce payment, foreign exchange collection and export tax refund

The cross-border e-commerce industry has shown strong growth in recent years, but the ensuing issues of payment collection and export tax rebates have also become the focus of sellers. In order to help enterprises better deal with these problems, this article will comprehensively analyze the difficulties of cross-border e-commerce payment and collection of foreign exchange, the characteristics, processes and steps of verification of export collection of foreign exchange, as well as how e-commerce companies export tax refunds.

Difficulties in collecting foreign exchange for cross-border e-commerce payments

Cross-border e-commerce payment and foreign exchange collection is one of the main problems faced by enterprises. Currently, cross-border e-commerce payment methods mainly include five forms: credit card, third-party Alipay tool, PAYPAL, local payment and offline payment. However, these payment methods have their own advantages and disadvantages, and their scope of application is also different, which brings selection problems to enterprises. The “Guiding Opinions on the Pilot Cross-border Foreign Exchange Business of Payment Institutions” (referred to as the “Guiding Opinions”) issued by the State Administration of Foreign Exchange regulates cross-border payments, especially that “the amount of a single transaction in goods trade shall not exceed the equivalent of 10,000 US dollars.” “, the amount of a single transaction in trade in services shall not exceed the equivalent of US$50,000” was changed to “the upper limit of the amount of a single transaction shall be US$50,000”, which will help simplify the operation process and promote the healthy development of cross-border payments.

Characteristics and procedures of verification of export receipts

The export foreign exchange verification and write-off system aims to ensure that export payments can be recovered in a timely manner through a series of procedures. This system has the characteristics of taking the verification form as the core, taking the subsequent verification as the keynote, taking all aspects as the scope, and aiming to increase the collection of foreign exchange. Specifically, the verification form serves as a core document throughout the entire process from issuance to recovery; the verification procedures are handled after the goods are exported and the foreign exchange collection is completed; it covers all participating entities nationwide; the ultimate goal is to ensure safe foreign exchange collection.

Export foreign exchange collection verification forms are uniformly issued by the State Administration of Foreign Exchange and are used for export customs declaration, foreign exchange collection and verification. The application process includes applying for a verification form to the local foreign exchange administration, filing at the customs, export customs declaration, and submitting documents to the foreign exchange administration through the “China Electronic Port Export Collection System”.

How e-commerce companies can export tax rebates and collect foreign exchange in compliance with regulations

Export tax rebate refers to a preferential tax policy implemented by the government to encourage export trade. Cross-border e-commerce sellers can reduce operating costs through export tax rebates. To apply for export tax rebate, you need to prepare invoices, shipping documents and other materials, and declare to the customs according to the procedures. In addition, you need to pay attention to changes in tax refund policies to ensure compliance with the latest regulations.

Foreign exchange collection refers to the process of transferring overseas payments to domestic accounts. To ensure compliance, sellers must have cross-border e-commerce export qualifications, understand relevant regulations, and reasonably arrange the time and method of collecting foreign exchange.

In short, it is crucial for cross-border e-commerce companies to correctly understand and apply the relevant policies and procedures for export tax rebates and foreign exchange collection. Through reasonable planning and strict execution, it can not only reduce costs, but also improve overall operational efficiency, helping enterprises to stand out in the fierce market competition.

The above content is compiled from multiple articles to provide readers with a comprehensive and in-depth understanding. I hope this article can help you better solve the problems of cross-border e-commerce payment, foreign exchange collection and export tax refund.