I. In terms of accounting, I personally think it is necessary to recognize revenue, freight and insurance at all CIF prices as sales expenses.
This is similar to domestic sales, the seller bears the freight, the seller will be included in the sales expenses.
The export sales price is CIF, and the export payment, freight and insurance are specified on the order.
Freight is from the port of shipment to the port of destination abroad, the amount of customs declaration and invoice is CIF price, that is, the full price of goods, freight and insurance.
Among them, the invoice lists the details, and the tax calculation of export tax rebate must be done at FOB price, that is, excluding freight and insurance.
Another advantage is that the amount will be consistent with the customs declaration, and it will be easy to match when auditing the total export amount to the customs. Second, accounting recognition of income and tax law recognition of income principles, basis and other inconsistent, so not only in the export link, the daily VAT and other tax declaration may also appear in the financial statements and tax return figures inconsistent, our practice principle is also to adjust the table (declaration) does not adjust the account (financial account). You may refer to the notice of the State Administration of Taxation on the issuance of the Operating Procedures for the Administration of Tax Exemption, Credit and Refund of Export Goods of Production Enterprises (Trial) (GuOLfa [2002] No. 11)
(1) The \"tax exemption, credit and refund\" of the export goods of the production enterprise shall be calculated according to the FOB of the export goods and the rebate rate of the export goods.
FOB of export goods shall be based on the FOB of export invoice (if the export agent is authorized to export, the export invoice may be issued by the principal or the agent). If the transaction is made on other price terms, the freight, insurance, commission, etc. allowed to be deducted from the export sales income according to the accounting system shall be deducted.
If there is a difference between the declared amount and the actual payment amount, it will be adjusted in the next tax refund declaration (or adjusted together at the year-end liquidation).
If the export invoice cannot truthfully reflect the FOB price, the enterprise shall declare the \"exemption, credit and refund\" tax according to the actual FOB price, and the tax authority shall have the right to verify it in accordance with the relevant provisions of the Law of the People's Republic of China on the Administration of Tax Collection and the Provisional Regulations of the People's Republic of China on Value-added Tax.