Foreign exchange management of current account

{}Posted in2023/2/25 0:19:35 | 3Browse

What is best f cashback forexex rebate company rebatesforexbroker management of bestforexrebatecompany account Foreign exchange management of current account refers to the foreign exchange management of current account fxrebatecentral all k forexrebatecommissionds of transactions, including import of goods, payment of transportation and insurance, labor services, outbound travel, investment profits, interest on loans, dividends, dividends, etc., are not subject to restrictions when purchasing foreign exchange from banks or paying from banks foreign exchange accounts Main contents of foreign exchange management of current account (1) Convertibility of current account (bank foreign exchange sales system) means that there is no restriction on the purchase of foreign exchange from banks or payment from bank foreign exchange accounts for all kinds of transactions under the current account, including import of goods, payment of transportation and insurance fees, labor services, outbound travel, investment profits, interest on loans, dividends, dividends, etc. There is no restriction on the use of foreign exchange under the current account, but not on the use of foreign exchange in RMB. (2) The bank settlement system refers to a management measure adopted by China for foreign exchange income under current items, that is, domestic institutions for their income under current Foreign exchange income, except for special provisions, must be settled in accordance with the provisions of the system of foreign exchange designated banks (3) export receipts and import payments write-off system "Foreign Exchange Management Regulations" provides that domestic institutions of export receipts and import payments, should be in accordance with the provisions of the State on the management of export receipts write-off and import payments write-off management for write-off procedures, that is, from the legislative provisions of the international common export receipts and import payments Write-off system to urge enterprises to timely and full recovery of payments or goods, to prevent and combat arbitrage, foreign exchange evasion and other illegal activities current account foreign exchange management rules The so-called current account refers to the frequent transactions in the balance of payments, including trade income and expenditure, labor income and expenditure, unilateral transfers, etc. "Foreign Exchange Management Regulations" on the current account of foreign exchange management made three aspects of the provisions: 1. The current account of domestic institutions The management of foreign exchange domestic institutions refers to Chinas domestic enterprises and institutions, state organs, social organizations, troops, etc., including foreign-invested enterprises domestic institutions of foreign exchange income and expenditure or business activities, must apply the provisions of the Foreign Exchange Management Regulations: (1) domestic institutions of the current account foreign exchange income must be transferred back to the territory, and should be sold to designated banks in accordance with the provisions of the State Council on the settlement, sale and payment of foreign exchange management (2) domestic institutions of the current account foreign exchange, shall be in accordance with the provisions of the State Council on the settlement, sale and payment of foreign exchange management, with valid certificates and commercial documents to the designated foreign exchange banks to purchase foreign exchange payments (3) domestic institutions of export receipts and import payments, shall be in accordance with the provisions of the State Council on export foreign exchange These provisions from the legislation to ensure the convertibility of the current account foreign exchange, the state does not restrict the current international payments and transfers, but must implement the bank settlement system and the import and export collection and payment of foreign exchange write-off system 2. the management of individual foreign exchange Individual refers to Chinese citizens and foreigners who have resided in the Peoples Republic of China for one year belong to the individual Foreign exchange, can be held by themselves, can also be deposited in banks or sold to foreign exchange designated banks personal foreign exchange savings deposits, the implementation of the principle of voluntary deposits, withdrawals, deposits with interest, for the depositors confidential personal foreign exchange for private purposes, within the prescribed limit to purchase foreign exchange; more than the prescribed limit, you can apply to the foreign exchange management authorities personal carry foreign exchange in and out of the country, should be declared to the customs; carry foreign exchange out of the country, more than The foreign exchange assets in the form of foreign currency payment certificates and foreign exchange securities held by Chinese citizens residing in China shall not be carried or mailed out of China without the approval of the foreign exchange authorities. The Regulations on Foreign Exchange Management stipulate that foreign diplomatic and consular organizations in China may remit their visa fees and certification fees paid in RMB to the designated foreign exchange banks and remit the legitimate RMB income of other organizations in China with relevant documents if they need to be remitted abroad. The foreign exchange authoritys notice of foreign exchange sale shall be remitted to the designated foreign exchange bank. The foreigners in China are the permanent staff of the institutions in China, the foreigners entering for a short period of time, the foreigners who should work in the domestic institutions and the foreign students, etc. The Foreign Exchange Management Regulations stipulate that the salaries and other legitimate incomes of the foreigners who are employed to work in the foreign-invested enterprises, which are foreign exchange, can be remitted to the designated foreign exchange bank with the valid documents prescribed by the foreign exchange authority after paying taxes according to the law. The salaries and other lawful incomes of foreign experts employed in domestic institutions can be remitted or brought out of China with the designated foreign exchange banks after paying taxes according to the law. The foreign exchange remitted or brought in by foreign institutions and personnel in China can be kept by themselves, deposited in banks or sold to designated foreign exchange banks, or remitted or brought out of China with valid vouchers. Carry it out of China

Popular Articles

Random Reading

Links