Foreign business tax rebate
Refund Settlement
MeaningIn order to save the country a lot of foreign exchange losses, to dun for unnecessary foreign added-value tax, to reduce foreign exchange rate difference for Chinese travelers and yearly foreign commercial invoice of Chinese enterprise.
operation process
- Following files needed when signing commission contact with Global Blue
2.Permit for Opening Bank Account(two copies)
3. Organization Code Certificate(two copies)
4. Corporate identity card (two copies)
5. Online Promotional Cooperation Agreement of China Global Blue Foreign Commercial Refund of Duty(quadruplicate,the company provide Electronic Edition and official partner provides the color printing one)
Note: all files above must be seal affixed; besides cooperation Agreement must be corporate seal affixed; proved new business license copy only, if the "three in one" has been accomplished.
- Process of invoicing
2. Invoice audit by using the Global Blue APP or handing over to the staff of Global Blue after receiving the invoice.
3. after approved, hand over the invoice list of Refundable tax. (Total invoice value and quantity)
4. Authorizing Global Blue to manage all matters related to the overseas tax refund.
6. After tax refunded successfully, Global Blue will utilize oversea channels of International UnionPay to return the taxes to the account specified by the enterprise
- Duty refunded items
Professional Fees: houses tenancy, setting up, dismantling, repairing, Intermediary services, hiring auctioneers, architects, lawyers, surveyors,engineers, audit service, rating, investigating, ads, designing etc.
Transportation: costs caused by purchasing, transportation, manual operation etc.in purchasing goods from an EU country and transporting to another.
Oversea training: training costs caused by oversea training of Chinese staffs.
Trade fair or conference: Chinese enterprise organized to attending oversea exhibition and setting up exhibition unit.
Foreign office cost: including office and warehouse renting, networking cost, office supplies purchasing and advertising etc.
Internal company cost: which means service cost between Chinese company, oversea branches and head office
Others: car renting, refueling, public transporting, taxi, air tickets (from an EU country to another)
Note: Different tax refund policies of different countries will cause different tax refund categories and tax rate, please consult international tax refund policies.