Please explain the meaning of VAT payable-export tax rebate.

It should be pointed out that the principle of export tax rebate lies in:

The value-added tax on export goods is zero, that is, the corresponding output tax is zero. It is precisely because the output tax is zero that the input tax cannot be actually deducted. Therefore, the input tax that cannot be deducted needs to be actually deducted in the form of tax refund. Therefore, the export tax rebate is not a refund of "output tax", but a refund of input tax.

At present, in practice, the export tax rebate is not a real zero tax rate, but an ultra-low tax rate, that is, the difference between the tax rate (17%, 13%) and the tax rebate rate (different goods), that is, the calculation ratio of export tax rebate stipulated in the tax law.

According to the provisions of the enterprise accounting system, the following VAT columns should be added to the accounting subjects of production enterprises that implement the "exemption, credit and refund" method:

1, debit column "Deduction of tax payable for export of domestic products"

2, "export tax rebate" credit column

In addition, the credit column of "transferred-out input tax" accounts for "tax exemption and exemption in this period shall not be reduced" and the account of "subsidy receivable" accounts for "tax refund in this period".

The relevant accounting treatment is:

1, according to "tax exemption and deduction in this period are not allowed":

Debit: main business cost

Credit: Taxes payable-VAT payable (input tax transferred out)

2. According to "current tax allowance":

Borrow: tax payable-value-added tax payable (export is deducted from the taxable amount of domestic products)

Loan: Taxes payable-VAT payable (export tax rebate)

3. Display "Current Tax Refund Amount":

Borrow: Subsidies receivable

Loan: Taxes payable-VAT payable (export tax rebate)

(This entry is the real tax refund. According to the calculation process of "current tax refund", we can know that the remaining input tax that has not been deducted at the end of the period is tax refund. )

Therefore, the credit column of "export tax rebate" accounts for the sum of "current tax allowance" and "current tax rebate amount", which is the "current tax allowance and tax rebate amount (= export sales * tax rebate rate)" stipulated in the tax law.

The "output tax" calculated by the "ultra-low tax rate" actually implemented for export goods is included in the credit column of "input tax transfer out". If this amount is added to the credit column of "export tax rebate", it is actually the output tax payable in domestic sales.

Therefore, the credit column of "export tax rebate" reflects not the real tax rebate, but the value-added tax "output tax" that export goods pay less than domestic goods because of different tax rates.