What Is Export Tax Rebate?

2010/10/12 15:54:00 30

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Export Rebates Domestic Sales

Export tax rebate

Export tax rebates are the turnover tax that has been levied on domestic exports.

Taxes

In our country, it means return.

Exit

Value added tax and consumption tax already imposed on goods.

For example, a certain type of car tires collected 1700 yuan VAT in China and 1000 yuan in consumption tax.

If it is sold in the domestic market, the two part of the tax will not be returned to the enterprise for 2700 yuan, and if the enterprise exports the tire to foreign countries, the 2700 yuan will be returned to the enterprise.

Why is there such a difference between domestic sales and export sales? This is mainly to prevent duplication of taxes.

When the tire is exported to foreign countries, the customs of the country will impose VAT and consumption tax on it.

The export tax rebate for export products is an international practice. If our country does not refund the tax, it means that it has imposed two value-added tax and consumption tax on the tire, which is not conducive to its participation in international competition.

My current export tax rebate system began in October 1984, and the tax rebate rate of export tax rebate has been adjusted several times. The current export tax rebate rate is 17%, 13%, 11%, 8% and 5%.

The amount of export tax rebate has been changed from the full burden of the former central government to the upper and lower part of the export tax rebate in 2003, which is jointly borne by the central and local governments at a ratio of 75 to 25.