1.4.7　Getting Tax Refund获得出口退税

Once your transaction is verified by the Customs and the revenue is reported to SAFE,the State Taxation Administration refunds a certain amount of the value-added tax(VAT)that you have already paid if your category of product is eligible.This refund is known as the tax refund/tax rebate/tax drawback for export,which exists to avoid international double taxation and is allowed by WTO as per General Agreement on Tariffs and Trade(GATT)as long as the amount of refund does not exceed the VAT that the exporter has paid.^[2]Once you have shipped the cargo,collected the payment,and reported your exchange revenue on ASOne,you go to STA to file for this refund.After a while,this money will be credited to your bank account.For specific refund rate,you need to know the Harmonized System Code(HS code)of your product category.The Harmonized System is a unified coding system for goods and services developed by the World Customs Organization to facilitate import and export.Participating countries are required to use this code when describing their tariff schedules.Nearly all international trade occurs under the Harmonized System.