Export tax refundIt is a policy measure to promote exports that helps to boost the competitiveness of export. In China, export refund tax is a very important policy and also a good one in the foreign trade industry. So what is export refund tax? Which companies can benefit from export refund tax? This article will answer you one by one.

Export refund tax refers to the governments tax system to encourage enterprises to expand exports, reduce the burden of enterprises, and to return VAT and consumption tax (mainly VAT) paid in the domestic production and circulation of enterprise export goods under the export refund policy, enterprises can obtain the corresponding tax refund when exporting, thereby reducing the cost and tax burden of enterprises and increasing the profit space of enterprises.

In China, companies enjoying export tax refund policies mainly have the following three categories:

This includes central enterprises and local foreign trade enterprises, industrial and trade enterprises and industrial production enterprises that have been approved by competent departments such as foreign economy and trade and enjoy independent foreign export business rights.

2. entrusted to export enterprises. here refers to enterprises entrusted with export business rights to export, bear export losses, limited to production enterprises and foreign trade enterprises. This part of the enterprise has no foreign trade business rights, some have foreign trade business rights. Some production enterprises in order to directly enter the international market, conduct production and sales meetings, change the past supply relationship with foreign trade enterprises to entrusted to export, bear losses directly, and pay to foreign trade enterprises.

According to the current export tax refund regulations, such enterprises are mainly foreign ship supply companies, ocean transport supply companies, foreign repair repair repair enterprises, foreign contract engineering companies, exit port duty-free stores, listed to-production top-up domestic steel supply enterprises, designated to import crude oil processed into crude oil after sale to foreign investment enterprises engaged in processing trade and some domestic refinery enterprises.