VAT Output on Exports

Account Information

Account Type	Statement of Financial Position
Normal Balance	Credit

Output VAT collected on exports

Record zero-rated VAT on exports

Dr. Foreign Customers
Cr. Export Sales
Cr. VAT Output on Exports

Claim export VAT refund

Dr. Tax Refund Receivable
Cr. VAT Output on Exports

Monthly export VAT settlement

Dr. VAT Output on Exports
Cr. Net VAT Payable

Adjust export VAT after return

Dr. VAT Output on Exports
Cr. Foreign Customers