Export tax rebate is divided into three ways: tax exemption, exemption from tax rebate. Among them, duty-free is not to pay taxes, do not calculate, do not care. Need to calculate and understand, only tax rebate, that is, we referred to as export tax rebate for export goods refund (exemption) tax.
It is worth noting that the refund of export tax rebate is different from other types of tax rebate, export tax rebate, refund is the input tax; other tax rebates, refund is the amount of tax payable. Therefore, in the declaration form, the exemption of deductible tax on goods is the same as the negative amount of deductible tax in the same way as the transfer of input and export. The reason is that the input has been returned to you, of course, can no longer be deducted, should be deducted from the deductible tax.
In general, taxpayers have both write-offs and incomes. in order to return the tax burden to zero, they are naturally exempted from, refunded, and refunded.
If the exported goods are not imported, of course, they are only free of sale, and if there is no input, there is no need to refund them. For example, small-scale taxpayers and duty-free products have no input. The goal of returning the tax burden to zero will be achieved if the tax burden is waived and not refunded.
It's about goods that don't encourage exports. For example, crude oil, they are not enough, but also have to import, so that you can export is good, do not think about export tax rebates, not to mention the export of goods prohibited.
Tax refund calculation
Foreign trade enterprises: exemption and tax rebate
A foreign trade enterprise with the right to import and export has purchased a batch of goods for customs declaration. The purchase amount indicated on the VAT special invoice for the acquisition of the goods is 100000 yuan, and the value-added tax is 17000 yuan, which has been paid by bank deposits. The refund rate for the goods is 13 per cent and the export sales price is US $15000 (exchange rate 1-8.3).
1. When purchasing goods:
Borrow: goods in stock 100000
Tax payable-VAT payable (input) 17000
Loan: bank deposit 117000
2. Export sales are duty-free and the payment is equivalent to:
Borrow: bank deposit $124500 (15000 × 8.30)
Loan: revenue from main business $124500
3. Carry-over costs:
Borrow: main business cost 100000
Loan: goods in stock 100000
4. Calculate the non-refundable input tax:
100000 × (17% 13%) = 4000
Borrow: main business cost 4000
Loan: tax payable-value added tax payable (input tax transferred) 4000
5. Export tax rebates receivable:
Borrow: export tax rebate receivable 13000
Loan: tax payable-value added tax payable (export tax rebate) 13000
6. receipt of export tax rebate:
Borrow: bank deposit 13000
Loan: export tax rebate receivable 13000
A foreign trade enterprise purchased a batch of export goods, including tax value of RMB 1 million yuan. The goods are declared for export at FOB (FOB) US $200000. The foreign exchange accounting adopts the method of converting the amount of foreign currency into the standard currency amount by using the spot exchange rate on the date of the transaction, and the median price of the foreign exchange rate on the day of customs declaration is 1 to 6.6. The refund rate for the export goods is 15%.
1. If the goods have been accepted into the warehouse, the invoice has arrived and the payment has been paid:
Borrow: inventory goods-inventory export goods $854700.85 1000000 / (1 to 17 per cent)
Tax payable-value added tax payable (input tax) 145299.15 (854700.85x17 per cent)
Loan: bank deposit 1000000.00
2. When calculating the amount of export tax rebate:
(I) Accounting for refundable taxes
Borrow: other receivables-export tax rebate receivable $128205.13 (purchase price refund rate)
Loan: tax payable-value added tax payable (export tax rebate) 128205.13
(2) transfer of non-tax refund input tax
Borrow: main business cost-general trade export sales cost 17094.02 (purchase price is not refundable)
17094.02 to 854700.85x (17 to 15%)
Loan: tax payable-VAT payable (transfer of input tax) 17094.02
3. At the time of customs declaration and sale of export goods:
Borrow: foreign exchange accounts receivable-XX foreign investors 1320000.00
Loan: main business income-general trade export sales income 1320000.00
4. When carrying forward the cost of export goods:
Borrow: main business cost-general trade export sales cost 854700.85
Loan: inventory goods-inventory export goods $854700.85
5. Upon receipt of VAT refund:
Borrow: bank deposit 128205.13
Loans: other receivables-export tax rebates receivable $128205.13
6. When bank of deposit settled all the foreign exchange at a purchase price of 1 to 6.5:
Borrow: bank deposit-RMB account 1298700.00
Financial expenses-exchange gains and losses 19980.00
Loans: bank deposits-US $1318680.00
7. When carrying forward profit or loss at the end of the month:
(I) carry forward export sales earnings
Borrow: main business income-general trade export sales income 1320000.00
Loan: profit of 1320000.00 yuan this year
(2) carry forward the cost of export sales
Borrow: this year's profit of $871794.87
Loan: main business cost-general trade export sales cost 871794.87
Production enterprises: exemption, credit, tax rebate
In the daily business of foreign trade enterprises, a large number of common types of trade, mainly general trade (export trade) and processing trade (processing and processing). General trade is a way of trade relative to processing trade, which refers to the way of export trade in which goods are exported unilaterally.
The exemption refers to the self-produced goods exported to the production enterprise, and the value-added tax on the production and sales link of the enterprise shall be exempted.
The deduction refers to the amount of input tax that should be refunded by the raw materials, spare parts, fuel, power, etc., used by the production enterprise to export the goods produced by itself, and to cover the amount of tax payable on the goods sold at home.
If the amount of input tax payable for the self-produced goods exported by the production enterprise is greater than the amount of tax payable in the current month, the part that has not reached the top shall be refunded.
Because of the large number of deductible raw materials, water and electricity, freight and so on involved in the production of goods, it is impossible to accurately separate the corresponding inputs of the export part and the domestic part, so it is impossible to accurately calculate the input tax part of the export refund. Assuming that they can accurately calculate their respective inputs, then the domestic sales-input = the amount of tax payable, while the export corresponding input tax rebate is handed over to the IRS, the IRS will return it again and again, one after another, both sides are very troublesome.
Therefore, it is to use the corresponding refundable entry of the export to top the corresponding amount of tax payable for domestic sales, and finally confirm the part of the tax rebate. Credit is a process of calculating the tax rebate, which is essentially the calculation of the total amount of tax payable. Tax rebate can be offset, the amount of tax payable is positive, only pay tax on the line, if the tax refund is not enough, the amount of tax payable is negative, this number should be refunded.
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