1. Exported goods are returned for some reason, and the export tax refund of value-added tax or consumption tax has been processed, the tax refund shall be refunded;
2. In the production process of exported goods, if the duty-free foreign raw materials under customs bonded supervision are used, the finished product cannot be exported or returned as waste for any reason after export. The duty-free materials and parts consumed by this part of the finished product shall be Pay import tax, value-added tax or consumption tax.
3. The income from waste treatment shall be levied on value-added tax or consumption tax;
4. When a sales return occurs, regardless of when the international logistics goods are sold, the current sales revenue should be offset when the return is received. Losses and income caused by waste materials should be included in the current profit and loss, and the taxable income of the current income tax should be increased or decreased. The above-mentioned tax treatment can be found in the current tax laws and regulations such as the current value-added tax, consumption tax regulations, foreign-invested enterprise income tax law, export goods tax refund (exemption) management measures, import and export tariff regulations and other tax laws and regulations.
2. Related financial accounting issues:
1. When export goods are returned for some reason, the consignee and consignor of export goods shall first go through the cancellation procedure of the export foreign exchange receipt and verification form, and the foreign exchange bureau shall issue a certificate to the consignor and consignor of the export goods. The certificate and customs declaration form issued shall go through the customs declaration formalities for the returned goods. If the returned goods are export tax rebate goods, the consignor of the export goods shall also submit to the customs the certificate issued by the tax authority that has approved the export tax rebate and the original export tax rebate declaration form for the purpose of handling the return procedures.
2. When the goods are returned, the export sales income is debited and recorded as accounts payable; when the return is received, the finished product is debited and the export sales cost is credited; if the finished product is scrapped for sale, the bank deposit is debited. And credit other business income and tax payable-value-added tax payable (output tax).
At the same time, other business income is debited, and raw materials or finished products are credited. If it is a taxable product of consumption tax, increase the loan and tax payable-consumption tax payable. In the production process, if the duty-free imported materials under customs supervision are returned or scrapped before export, when the import tax, value-added tax or consumption tax of the duty-free imported materials is collected in accordance with customs regulations, the raw materials or other business materials shall be Loss and surplus of expenses or property to be processed-loss and surplus of liquid assets to be processed-tax payable-value-added tax (input tax) payable is debited and credited to bank deposits.
However, for inventory with abnormal losses such as raw materials, semi-finished products, and finished products, value-added tax should be used as the accounting treatment for the transfer of input tax. When export tax refund goods are refunded (shipped), value-added tax refunds, and consumption tax refunds are given to tax authorities, corresponding accounting entries shall be made in accordance with the accounting treatment regulations of value-added tax and consumption tax.
3. For exported goods, if there are quality problems, or due to other reasons, they need to be returned to the mainland for repair or shipped back to the mainland, shipped to Hong Kong, then transited in Hong Kong, and imported directly by express mail. This procedure is very simple and time is fast. This is the way to deal with some incomplete documents that must be returned and exchanged for mainland goods!
