Export Refund Calculator
Work out export refund instantly with clear inputs, formula shown and shareable results.
About Export Refund Calculator
Exports are zero-rated, so input credit attributable to them cannot be used against output tax and is refunded. The refund is apportioned by the ratio of export turnover to total turnover, which is the standard formula.
Formula
Export refund
Refund = net input credit × export turnover / total turnover
Worked example
With the default values below, Export Refund Calculator returns Refund Of Unutilised Credit of $540,000.00. Change any input above and every figure here is recalculated in your browser.
Inputs used
- Zero-Rated Export Turnoverminimum 0
- 6,000,000
- Total Turnoverminimum 0
- 10,000,000
- Net Input Tax Creditminimum 0
- 900,000
Results
- Refund Of Unutilised Credit
- $540,000.00
- Exports As Share Of Turnover
- 60.000%
- Credit Retained For Domestic Supply
- $360,000.00
- Refund As Share Of Export Turnover
- 9.000%
Step by step
- 1Values used
- 2Export refund
- 3Refund Of Unutilised Credit= 540,000.00
- 4Exports As Share Of Turnover= 60.000
- 5Credit Retained For Domestic Supply= 360,000.00
- 6Refund As Share Of Export Turnover= 9.000
Assumptions and limits
- The result is derived only from the 3 inputs listed above. Anything not among them is not part of the calculation.
- In particular, this calculator does not take inflation, fees or charges or compounding frequency into account.
- Figures are rounded for display to 3 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
- Tax figures are estimates based on the rates, caps and thresholds you enter. Real rules differ by jurisdiction and change every year, and personal circumstances alter the outcome. This is not tax or financial advice — confirm with a qualified adviser.
- This is an estimate for general information and not professional financial, tax or legal advice. See the full disclaimer for the limits that apply to this kind of calculator.
How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.
Tax figures are estimates based on the rates, caps and thresholds you enter. Real rules differ by jurisdiction and change every year, and personal circumstances alter the outcome. This is not tax or financial advice — confirm with a qualified adviser.
Frequently Asked Questions
Why are exports zero-rated rather than exempt?
Zero-rating preserves the input credit chain, so exporters recover embedded tax. Exemption would block credit and export the tax.
How long do refunds take?
Statutory timelines are usually 60 days, with interest payable on delay, but documentation errors are the common cause of hold-ups.