Interpretation Of Domestic Export Enterprises' Tax Refund Foreign Exchange Policy

Since the outbreak of the international financial crisis in 2008, many domestic export enterprises have been unable to collect foreign exchange verification in the specified period of refund (Exemption) tax declaration, which has become a common phenomenon which is difficult to solve and cope with, and the tax risk brought about is naturally very influential.

First, the formation and treatment of overdue foreign exchange verification.

There are two main reasons for the cancellation of the overdue foreign exchange receipts. financial crisis The payment of foreign customers can not be put in place in time, prompting domestic enterprises to realize the settlement of foreign exchange within the prescribed time limit and declare the export refund (Exemption) tax; the two is to try to collect foreign exchange and write off paperless enterprises. Although the information on foreign exchange verification is submitted on the Internet, the present situation of submission is not successful due to the reasons of system or information transmission; sometimes, a successful submission is made, and the tax authorities can not receive the forwarding of the foreign exchange authority. Foreign exchange collection Information.

The above two phenomena result in the collection of foreign exchange. Write off Overdue when filing tax refund (Exemption). Then, according to the tax law, when exporting enterprises to declare the refund (Exemption) tax on exported goods, they shall provide the verification form for export receipts within the prescribed time limit. Otherwise, the tax refund of the export goods will be recovered if there is any error in the audit or the verification certificate that has not yet been provided at the expiration date. The tax refund (Exemption) will not be processed if the refund (Exemption) tax is not processed, and it will be taxed as domestic goods.

In this regard, in order to help domestic enterprises to solve practical difficulties, reduce the tax risk coefficient. In March of this year, the State Administration of Taxation issued the notice on the issue of export enterprises' postponed verification of export receipts for export ([2010]89), which stipulates that when export enterprises obtain overdue export verification refunds, the tax authorities may handle the export goods refund (Exemption) tax after making other tax rebates and information audits for export enterprises. At the same time, the export enterprises that try to apply for export tax rebates to be exempt from providing paper export receipts for verification of foreign exchange shall be allowed to cancel the export tax refund (Exemption) according to the relevant provisions after the tax authorities fail to receive the foreign exchange verification due to online verification system, information transmission and other reasons.

From the above point of view, in the moment that the international financial crisis has not yet subsided and domestic export enterprises are turning around, it is crucial for the State Administration of Taxation to issue [2010]89 document of national tax letter. The implementation of this policy has brought convenience to export enterprises to declare tax refund (Exemption), speeded up the progress of tax refund (Exemption), and relieved the pressure of capital operation.

Two, the key points of the implementation of the new regulations.

The document No. [2010]89 of the state tax letter lays particular stress on the export enterprises' overwriting of the export verification receipt for overdue export, and can declare the export refund (Exemption) tax without any other problems. However, in the process of implementation, export enterprises should also grasp the following points:

(1) the time limit for the verification of overdue foreign exchange earnings is uncertain.

For export refund (Exemption) tax, verification of foreign exchange earnings is a prerequisite for declaration of export refund (Exemption) tax, and is also one of the essential documents. For its management, the old regulations are mainly divided into two situations.

First, the enterprises that provide export verification receipts during the reporting period. According to the Circular of the State Administration of Taxation on the administration of tax refund (Exemption) for exported goods ([2004]64), export enterprises must provide the export verification receipt for export goods within 2 years from the date of their occurrence.

1, the tax credit rating is rated C or D.