Exporters Urged to Avoid Tax Rebate Calculation Errors

Exporters Urged to Avoid Tax Rebate Calculation Errors

This article provides an in-depth analysis of export tax rebate calculation methods, emphasizing the use of tax-exclusive FOB value as the basis, avoiding the common mistake of calculating based on tax-inclusive amounts or customs declaration amounts. For C&F and CIF trade terms, it clarifies the handling of freight and insurance costs. The aim is to help export companies accurately grasp tax rebate policies, comply with regulations, and reduce export costs. This ensures correct rebate applications and avoids potential financial penalties.

USDSGD Exchange Rate Trends and Economic Impacts Analyzed

USDSGD Exchange Rate Trends and Economic Impacts Analyzed

Currently, 25 USD can be exchanged for approximately 32.12 SGD, with the exchange rate at 1 USD ≈ 1.28477 SGD. Over the past 30 days, the highest exchange rate was 1.2894 and the lowest was 1.2826, indicating low volatility. Understanding exchange rate fluctuations can facilitate more informed decisions in international trade.