Recently, regardingExport Drawbackthe changes in the policy have attracted widespread attention. Since December 1, 2024, the export tax rebate rate for some products has been reduced from 13% to 9%. Many enterprises have found that their products are exactly on the adjustment list. So, in the face of the reduction in the tax rebate rate, how should enterprises handle their accounts? Today, we will interpret this issue in detail through some cases.

Case 1:foreign tradeAccounting Treatment of [type] Export Enterprises

Suppose a foreign - trade - type export enterprise exported a batch of goods on December 5, 2024. The HS code is 8506400090, and the FOB amount is 50,000 yuan. The purchase price of this batch of goods including tax is 45,200 yuan, of which the tax - free amount is 40,000 yuan and the VAT is 5,200 yuan. The applicable tax rate for this batch of goods is 13%, but the export tax rebate rate has been reduced to 9%, and the difference between the tax collection and rebate rates is 4% (13% - 9%).

For this batch of goods, after the enterpriseobtains the input invoice and conducts tax - rebate check - off,the following accounting treatment is required:

• Accounting Entries:
  • Debit: Main Business Cost 1,600 yuan
  • Credit: Taxes and Fees Payable - VAT Payable (Input Tax Transfer Out) 1,600 yuan

The meaning of this entry is that after the enterprise chooses tax rebate, it needs to transfer the corresponding input tax out of the VAT payable account and record it in the main business cost. The 1,600 yuan here is the part of the difference between the tax collection and rebate rates. Through this treatment, the enterprise can more accurately reflect its financial situation after export tax rebate.

Case 2: Accounting Treatment of Production - type Export Enterprises

Also on December 5, 2024, a production - type export enterprise exported a batch of goods. The HS code is also 8506400090, and the FOB amount is also 50,000 yuan. The applicable tax rate for this batch of goods is 13%, and the export tax rebate rate has been reduced to 9%, with a difference between the tax collection and rebate rates of 4% (13% - 9%).

In theIn the month when the enterprise declares the export tax rebate for this batch of goodsthe production - type enterprise should conduct the following accounting treatment (assuming only this batch of goods is declared):

• Accounting Entries:
  • Debit: Main Business Cost 2,000 yuan
  • Credit: Taxes and Fees Payable - VAT Payable (Input Tax Transfer Out) 2,000 yuan

This accounting treatment indicates that when the enterprise declares the export tax rebate in the current month, it needs to transfer the corresponding input tax and record it in the main business cost. The 2,000 yuan transferred out is the part of the tax difference that needs to be processed after the reduction of the tax rebate rate.

The Impact of the Adjustment of the Export Tax Rebate Rate on Enterprises

The adjustment of the export tax rebate rate means that enterprises face more details in accounting treatment during the export process. For foreign - trade - type enterprises and production - type enterprises, although their business natures are different, when dealing with the reduction of the tax rebate rate, they both need to transfer the input tax according to the requirements of national policies. The purpose of this is to ensure that the cost and tax information in the enterprises financial statements can more truthfully and transparently reflect the enterprises operating conditions.

Overall, when dealing with export tax rebates, enterprises mustpay timely attention to policy changesand adjust their accounting treatment methods according to the new regulations. At the same time, standardized accounting operations also help to avoid future tax risks. It is recommended that foreign - trade enterprise partners, especially those in the finance department, regularly check the information of input invoices and [documents] to ensure the accuracy and timeliness of tax - rebate declarations.Export ClearanceChanges in the export tax rebate policy are often accompanied by new challenges and opportunities. When dealing with the reduction of the tax rebate rate, enterprises must make sufficient accounting preparations, reasonably transfer the input tax and confirm the cost, and ensure financial compliance and stability during policy changes. I hope todays case analysis can help you more clearly understand the accounting treatment methods after the adjustment of the tax rebate rate. Lets move forward steadily and continue to achieve success in the international market.

Conclusion

Export Tax Rebate Application Rejected? Dont Worry, It May Be Due to the Following Reasons