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Can I get a tax refund with RMB customs declaration?
Sep 13,2023
According to the provisions of Guoshuihan No. 2009 and Guoshuihan No. 2010, you can apply for tax refund (exemption) for export goods settled in RMB. The process of handling tax refund is exactly the same as that of export business for foreign currency settlement, except that the "KJ" (cross-border RMB settlement) mark is added to the business type code position in the detailed data of export tax refund (exemption).
For foreign trade enterprises, it is necessary to pay attention to the following matters:1. Add the "KJ" mark at the position of the business code to ensure that both exports and purchases are added to avoid doubts during approval. 2. Enter "FOB in US dollars" in the details of export goods, and enter the amount of RMB declared into US dollars according to the exchange rate of the first working day of the month of export. If there is a slight difference between the FOB RMB price converted at the exchange rate and the actual customs declaration amount, the exchange rate can be adjusted appropriately. If the amount does not match the actual customs declaration due to improper adjustment, it can be ignored as long as it is within the error range.
For production enterprises, it is necessary to pay attention to the following matters: when entering the details of export goods in the export tax rebate declaration system, select "CNY" as the "original currency code"; Fill in the amount of RMB FOB in the "original currency FOB" column; Enter 100 in the "original currency exchange rate" column.
FAQs: 1. For goods declared in RMB, must be collected in RMB? Will it affect the export tax rebate?A: You can collect foreign exchange in other currencies and apply for export tax rebates. Just make sure to add the "KJ" sign.2. If the customs declaration is made in US dollars, can RMB be charged?A: Yes, there is no need to add the "KJ" sign when declaring a tax refund.3. If the RMB payment is paid by domestic bank transfer, can it be normal to apply for RMB customs declaration and export tax rebate?A: If the RMB payment is paid by domestic bank transfer, the tax refund cannot be processed unless the payment is made using an offshore account or a company in a special area.
4. Our company sells on the Amazon platform and chooses to declare in US dollars, but the collection is collected in US dollars through the Payoneer card, and then the US dollars are converted into RMB according to the middle rate of the bank exchange rate on the day of withdrawal. Can I apply for a tax refund?A: If the money is remitted to your account, you can apply for export tax refund.5. The company needs to receive a cross-border RMB receipt, and the bank requires invoices, contracts, customs declarations and information to be recorded. Are these documents required to receive cross-border RMB?A: The supervision of each bank is different, if you have confirmed with the bank that you need to provide the above information, then you need to provide it in accordance with the bank's response. Under normal circumstances, within 3-5 days after the customs declaration is settled, the company can query and download the customs declaration in the China Electronic Port Law Enforcement System.
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