Skip to main content

VAT Return

By
One of the inevitable benefits for a Trading WFOE/JV or Manufacturing Company in China is export tax refunding. On one hand, the establishment can bring considerable tax refunds back to the enterprise to improve competitiveness even ease financial pressure; On the other hand, it also helps enterprise to keep an excellent corporate reputation.


Export tax refund refers to the value-added tax and consumption tax paid by the exported goods to the actual production and circulation segment in china. The system of tax refund for export goods is an important part of the tax revenue of a country.
The export tax rebate is mainly through the refund of export goods of domestic tax paid to balance the tax burden of domestic products, making their products to exclude tax costs to enter the international market to enhance competitiveness.

 China, known as "the world factory", is a lucrative spot for exporting business. One of the inevitable benefits for a Trading WFOE/JV or Manufacturing Company in China is export tax refunding. On one hand, the establishment can bring considerable tax refunds back to the enterprise to improve competitiveness even ease financial pressure; On the other hand, it also helps enterprise to keep an excellent corporate reputation.

Export tax refund refers to the value-added tax and consumption tax paid by the exported goods to the actual production and circulation segment in china. The system of tax refund for export goods is an important part of the tax revenue of a country. The export tax rebate is mainly through the refund of export goods of domestic tax paid to balance the tax burden of domestic products, making their products to exclude tax costs to enter the international market to enhance competitiveness.

Application threshold:Applicant must have the qualification to self-export
Applicant must hold the business license issued by the administrative authority
Applicant must have an independent accounting system
Applicant must have a separate bank account can handle foreign buying and selling business and payment settlement.
Legal valid VAT special invoice issued by supplier
Foreign currency received which amount consistent with export custom declared


 Export Refund Process：

 Consulting --- provide a solution --- sign up service contract --- bank settlement --- prepare a full set of export documents --- export of goods --- hand in documents to us --- declaration tax refund --- successful tax refund 



Please do feel free to email us to proposal@set-up-company.com or call us to 0086-020-2917 9715 at any time, we love helping new friends. let's get started!

Labels:

Comments

Post a Comment

Popular posts from this blog

China Trading Company

By
As world factory, “made-in-China” enjoys a worldwide popularity. with a trading company, you will enjoy a legitimate status to sign business contract under the protection of Chinese law, have the legal right to employ staffs and buy social insurances especially for Chinese employees who want to buy an property later in China. Set Up Your Own Foreign Trading Company in China As world factory, “made-in-China” enjoys a worldwide popularity. You may be thinking about setting up your own trading company after seeing all the opportunities or starts from China mainland when you handling business under individual way for some time. Any benefits or risks if you want to set up a trading company? Setting up a foreign trading company in China, you will enjoy a legitimate status to sign business contracts under the protection of Chinese law, have the legal right to employ staffs and buy social insurances especially for Chinese employees who want to buy a property later in China. ...
Post a Comment
Read more

Company Incorp

By
China WFOE WFOE is the most common and acceptable business structure for major business. The registered capital of a WFOE should be subscribed and contributed solely by foreign investor(s). With a WFOE incorporated in China does not mean you can engage in any kinds of business activities, as is the case in HK and some Western countries. WFOE can only operate under the business scope approved by Chinese authorities. If the WFOE trades, wholesales, retails or franchises, we call it a Trading WFOE; if it manufactures, a manufacturing WFOE. If the WFOE implement consulting and advisory business, it is called a Consulting WFOE. If it provides food and beverage, a F&B WFOE. Joint Venture When two or more parties jointly invested & owns a stake respectively and share profits, operation expenses, risk and control of the company, we call it a Joint Venture (JV). Representative Office Although RO is generally agreed as the easiest entity for foreigners to f...
Post a Comment
Read more

Payroll Service

By
Payroll procedures and regulations vary greatly in each country. We are there to guide you through the different rules and regulations, and to deliver on your behalf a smooth payroll service to all of your international employees.  Salary Payment Transfer net pay electronically to employees' bank accounts Individual income tax calculation:  Deduct and pay individual income tax to designated government agencies for employees Handle individual income tax filings in compliance with government regulations Employing staff in China must obey China’s new labor contract law, which came into effect in the year of 2008 and revised several times later. Business China offers customized and cost-effective payroll management solutions for foreign SMEs or start-ups all over Mainland China. Company Type for payroll services:  WFOE (Wholly Foreign Owned Enterprise) JV (Joint Venture) RO (Representative Office) Checklist for payroll service: Payroll proc...
Post a Comment
Read more