Tax 4.Export Tax Refund
On Sep 14, Circular on China's Tax-refund Policy for Export was issued jointly by MOF, NDRC, MOFCOM, GAC and STA of China. Tax-refund rate of some exports were readjusted and supplement forbidden commodity catalogue of processing trade.
Tax refund rate can be differentiated into six categories of 17%,13%,11%,8%,6%,and 5% according to different goods.
Export VAT Refund application is a considerably complicated business and requires better understanding of business transactions and good understanding of tax refund procedures and document requirements.Meanwhile, as these procedures are directly linked to company’s cash and tax, any error operating could result in deficit of tax refund or even fine payment or other punishment.
QIDA can provide professional service to help Hong Kong Limited Company do this work.