80% Companies Lost Their Qualification to Apply for Tax Refund!

European Commission report shows that 80% companies did not apply for their legal VAT refund payment. The main reasons are as follows:

Wrong Perceptions

Some misunderstand that overseas VAT (or GST) is non-refundable. Others then believe that their accountants have applied for domestic VAT refund or SME subsidies from national tax units.

TaxFree China's Solutions: 

TaxFreeChina (overseas tax refund) is a multilingual working team which will ensure you to be informed of the latest overseas VAT information and help you to understand the VAT or GST refund procedures in Europe and countries like South Korea, Australia and Canada and so on. It needs to apply to tax bureau of destination countries where overseas business activities happen for VAT or GST refund. So the idea that tax refund can be returned from domestic tax bureau or bureau of commerce is wrong.

Location and Language

Location and language barriers have often been the reason why Chinese companies give up applying for VAT refund. Meanwhile, the expenses that produced by translating relevant documents and materials, differences between various time zones as well as the language barriers to communicate with local VAT tax bureau, all of which increases the difficulty in applying for tax refund.

TaxFree China's Solutions: 

TaxFreeChina (overseas tax refund) is a multilingual work team which enables us to overcome any language difficulties in communication. Our all-round-clock processing center of documents as well as long-term, direct and friendly mutual relationship with tax bureaux of countries in the world will ensure you a minimum time in getting your tax refund payment; Our team of documents processing will help you to handle all kinds of application documents, so all you need to do is to sign and seal in these application documents.

Time and Cost Problems

When applying for overseas VAT or GST, companies will face many problems caused by time and cost. Therefore company accountants or executives often worry about that it will cause huge cost.

TaxFree China's Solutions: 

TaxFreeChina (overseas rebate) will simplify the application procedures and handle all the written documents and negotiate with overseas local tax bureaux on behalf of you, letting you enjoy a relaxing procedure of tax refund application and easily get your tax refund payment. Our service fees are deducted from your tax refund, and you do not need to pay any fees in advance; so no cost is to be paid by you for overseas tax refund application.

Invoices problem 

When applying for overseas VAT or GST refund, companies need to submit the original invoices; Company accountants or executives worry about the lost of original invoices or audit of tax bureau.

TaxFree China's Solutions: 

It is required by overseas tax bureaux that when applying for overseas VAT or GST refund Chinese companies need to submit the original invoices or electronic invoices. Invioces will be returned to Chinese companies when tax refund procedures are done. There is no record that the professional express company entrusted by our company has lost any of our clients' original invoices. As for the audit of tax bureau, we can also provide relevant documents to prove that the original invoices have been taken out for the usage of tax refund. As for Chinese companies who lost their original invoices, our work team can also help them to ask for a new original invoice from overseas companies so as to apply for overseas VAT refund.

Seal Problems of Domestic Tax Bureau 

When preparing application documents, Chinese companies are often required to provide a “Taxation Registration Certificate" sealed by local tax authority. But for various reasons, it is sometimes difficult for Chinese companies or they will take a very long time to get seal certificate of relevant tax authority. The difficulty of handling "Taxation Registration Certificate" often makes Chinese companies give up the idea to apply for overseas tax refund.

TaxFree China's Solutions: 

TaxFreeChina (overseas tax refund) has years' experience of actual tax refund operation and mutual friendly relationship with relevant tax bureaux, so our documents processing center requires no more Chinese clients to provide their "Taxation Registration” sealed by tax authority but just the certificate documents with Chinese companies' official seal.