This policy is really good! Anker and other big sellers have earned hundreds of millions

The report card of cross-border e-commerce in the first half of this year was released, with imports and exports reaching 1.1 trillion yuan, a year-on-year increase of 16%. Shenzhen, Shanghai, Yiwu and many other places across the country have delivered impressive "report cards". Experts predict that cross-border e-commerce will continue to be a new highlight of foreign trade growth in the second half of the year.

Cross-border e-commerce has both opportunities and challenges. In this field, some people are on the verge of exiting the market due to their precarious performance, while others are holding on to profits and their revenues are rising year after year. "Reducing costs and ensuring stable cash flow" has become the top priority for cross-border sellers; at the same time, the country has also introduced a series of favorable policies to support cross-border e-commerce sellers, including export tax rebates.

Through the legal method of "recovering blood" through export tax rebates, cross-border e-commerce giants such as Anker Innovations have alleviated the pressure to a certain extent.

Through export tax rebates, big sellers like Anker "earn" hundreds of millions more every year!

Export tax rebates have helped many cross-border sellers such as Anker Innovations, Suntech Power, and Tianyuan Pet to gain big points .

Public information shows that in 2022, Anker Innovations' export tax rebate amounted to hundreds of millions of yuan; from 2019 to 2021, Suntech Power's export tax rebates were 49.68 million yuan, 119 million yuan and 190 million yuan respectively, and Tianyuan Pet received export tax rebates of 76.8284 million yuan, 77.7824 million yuan and 107.0257 million yuan respectively.

These export tax rebate values ​​are quite high, and many industry insiders have called it "tax rebate is really good". In fact, export tax rebate is not exclusive to big sellers, and a large number of small and medium-sized sellers have successfully reaped the benefits of export tax rebate.

Among them, an export seller of massage equipment, aromatherapy machines and other products successfully received a tax refund of over one million. It is understood that the export model of this enterprise is the export supervision warehouse consolidation business, which enjoys the policy of tax refund upon warehousing. After the goods enter the warehouse, the enterprise needs to complete the consolidation and then export them to overseas supermarkets, and collect the exchange through a third-party logistics company.

At the beginning, because the supplier of the declared tax refund documents involved sensitive areas, the tax bureau required the company to supplement the registration documents of the declared documents (tax refund amount of 800 yuan) after the normal reply. Due to the incomplete registration documents of the company, the progress of the tax refund review and the continued tax refund document declaration work were affected , resulting in a cumulative undeclared tax refund amount of more than 9 million yuan in 2021-2023 .

Under the guidance of professionals, we submitted supplementary documents such as the entry and exit records of the export supervision warehouse, the contract between the third-party logistics company and the overseas supermarket, and a description of the export process to the tax bureau and successfully passed the tax bureau's review.

Many examples show that export tax rebates have become a powerful tool to reduce the burden on cross-border sellers.

Export tax rebates have multiple benefits for cross-border sellers

Export tax rebate refers to the refund of value-added tax and consumption tax paid in accordance with tax laws at various domestic production and circulation links for goods declared for export in China in international trade business . That is, the export link is tax-free and the taxes paid in previous tax links are refunded .

In general, except for products that are prohibited from export and already tax-free, products that are allowed to be exported by the country can enjoy the export tax rebate preferential policy . Export tax rebate has multiple benefits such as alleviating the financial pressure of sellers:

1. Reduce costs and increase efficiency. Export tax rebates are real subsidies. Generally, qualified export commodities can enjoy different tax rebate rates according to different categories. This is good for both sales costs and product pricing .

In the past two years, both the downgrade of overseas consumption and the trend of declining product prices have brought challenges to sellers' operations. With the help of export tax rebates, eligible sellers can reduce cost pressures such as raw materials, and have greater room for price reductions in product prices, thereby winning more orders in overseas markets with price advantages.

2. Avoid business risks. Export tax rebates can alleviate the financial pressure of sellers to a certain extent. The burden on sellers is reduced and more funds are available, which also means that sellers can avoid many business risks and lead the company to develop in a healthier direction.

3. If you apply for tax refund under your own company name, you can enjoy export foreign exchange earnings subsidies (rewards) . The subsidy intensity varies in different local policies.

4. Cross-border enterprises seeking tax refunds can enjoy the bank’s preferential exchange rates and spreads. Different banks have different preferential policies.

In summary, making good use of the export tax rebate policy can bring real benefits to sellers. The tax bureau will rate the sellers every year based on factors such as the sellers' daily operations, value-added tax, and corporate income tax. Generally speaking, if the enterprise is rated as a Class I or Class II enterprise by the tax bureau, the tax refund will generally not exceed 3 working days. If the enterprise is rated as a Class III enterprise by the tax bureau, the export tax refund (exemption) procedures can be completed within 15 working days.

There are many difficulties in tax refunds, and a large number of sellers are stuck!

It is worth noting that the premise of high efficiency of tax refund is that all links are normal and standardized . In real life, a large number of sellers are "stuck" in the practical work of tax refund !

Many sellers often encounter difficulties in tax refunds and irregular tax refunds because they do not understand the tax refund process and requirements. On the one hand, some small and medium-sized sellers sell a wide variety of goods, have no long-term procurement channels, cannot obtain purchase invoices , and cannot deduct costs before tax. The corporate income tax burden is too high, and small and medium-sized enterprises have meager profits. They can only file tax returns by reducing their income. On the other hand, many sellers lack professional talents. However, the direct mail model or B2B export overseas warehouse customs declaration compliance declaration process is complicated, and the chain of evidence is complicated, which sellers often find difficult to handle. Therefore, sellers generally do not record income costs in their tax accounts, and their tax returns are not compliant, which poses a greater tax risk.

Some sellers know that tax refunds are good, but they give up enjoying the benefits of this policy because of lack of energy or lack of professionalism of internal staff, and would rather "not collect or refund". These people clearly meet the relevant conditions for export tax refunds but voluntarily give up, causing real money to be lost...

How to solve the difficulties of export tax rebates for cross-border sellers?

In recent years, the country has continuously increased its support for export tax rebates and introduced a series of facilitation measures to promptly release the benefits of export tax rebate policies.

At the same time, "helpers" such as tax companies and tax refund platforms also provide convenience for sellers to refund taxes. When sellers use tax refunds from tax companies, they need to be careful to identify whether the partners are professional, otherwise they will face many disputes and troubles.

Yi Enjun learned that Mingxin Kuafu is a digital cross-border tax refund comprehensive service platform independently developed by Mingxin Shuzhi for cross-border e-commerce , providing low-cost, high-efficiency and guaranteed tax refund solutions for different export modes. Mingxin Shuzhi was founded in 2017 and has received multiple rounds of investment from Sequoia Capital, Harvest Capital and CDH Investments. It has achieved in-depth digital applications in three major scenarios: industrial and financial services, cross-border compliance services, and digital services for the automotive industry. It has currently served tens of thousands of companies, covering hundreds of thousands of small and medium-sized enterprises, and reaching hundreds of industrial Internet platforms and leading industrial technology companies.

Mingxin Kuafu Platform is strongly backed by Mingxin Digital Intelligence. Relying on the industry background and technical advantages of Mingxin Digital Intelligence's industrial big data, it has obvious advantages in digital functions for cross-border e-commerce export tax rebates. Let's take a look at the five major advantages in detail:

1. Intelligent customs clearance. The Kuafu platform links the General Administration of Customs and the State Administration of Taxation, which can realize one-click intelligent classification of goods and meet the customs declaration and tax refund requirements of different regulatory modes (0110, 96/97/9810, etc.).

2. Electronic document management. In order to solve the problem of difficult document management in traditional tax refund, the Kuafu platform provides paperless intelligent operation, which can complete the filing management and intelligent archiving of documents online, improve the efficiency of financial document management and reduce the risk of document loss.

3. Online declaration tracking. The platform integrates functional modules such as customs declaration, tax refund, logistics, etc., and the declaration status is updated in real time. It provides a one-stop solution for different links of customs declaration and tax refund for cross-border e-commerce, solves compliance omissions in each link, avoids repetitive work, and reduces the risk of rejection.

4. Closed-loop risk scanning. The Kuafu platform uses AI intelligence to scan risk points throughout the entire process of tariff declaration, leaving nothing out, providing early warnings and real-time solutions, and completing the declaration closed loop with zero threshold.

5. Multi-role platform ecology. The Kuafu platform has built a cross-border e-commerce digital ecology that can meet the needs of different roles in the business process. For example, cross-border sellers can use the system to realize independent customs declaration and tax refund, financial and tax companies can use the system to provide tax refund agency services for multiple companies, and logistics companies can use the system to complete customs declaration on behalf of customers.

It can be said that the Kuafu platform, with tax refund as its core, has successfully opened up interfaces with customs, taxation, logistics, e-commerce platforms and financial institutions , helping Chinese cross-border e-commerce companies to operate and accelerate their development through the entire chain.

Click on the article link: http://t.weimob.com/Cc_Ef5F and use the Kuafu platform to get a tax refund with one click!

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Export tax rebate