|
Q:
|
What's the meaning of "First Payment of Foreign Exchange" in Article 1 of the Announcement?
|
|
A:
|
It does not require tax-related archival filing for a single outbound payment that does not exceed the equivalent of US$50,000.
If multiple outbound payments are required based on a same contract, it only need to be filed when a single payment exceeds equivalent value of US$50,000 for first time.
|
|
Q:
|
What changes about processing procedures of tax-related archival filing for outbound payments after online channel has been used？
|
|
A:
|
If taxpayers choose online channel to handle tax-related archival filing of outbound payments, they can log in to local Tax Bureau official website and complete "Tax Filing Form for Outbound Payments for Trade in Services and Other Items" (hereinafter referred to as the "Recording Form"), submit required documents and record the number and verification code of the "Recording Form" generated by the system automatically. They shall process outbound payments at bank in accordance with relevant regulations of State Administration of Foreign Exchange (SAFE).
If taxpayers choose to handle tax-related archival filing of outbound payments at Tax Bureau office, they can download the “Recording Form” from official website of local tax bureau or obtain relevant documents at Tax Bureau office. Taxpayers need to properly keep the number and verification code of the “Recording Form” reported by Tax Bureau and go through outbound payments at bank in accordance with relevant regulations of State Administration of Foreign Exchange.
|
|
Q:
|
How to be connected for the multiple outbound payments are required for a same contract before and after the implementation of the Announcement?
|
|
A:
|
Taxpayers has completed tax-related archival filing for outbound payments before implementation of the Announcement, they can follow the Article 1 of the Announcement, "If multiple outbound payments are required based on a same contract, it only need to be filed when a single payment exceeds the equivalent value of US$50,000 for first time".
|
|
Q:
|
How to solve the issues if taxpayers find the "Recording Form" is filled incorrectly or the filing items have changed after completing the tax-related archival filing?
|
|
A:
|
Taxpayers can modify or invalidate the "Recording Form" in Tax Bureau or Tax Bureau official website when the outbound payment has not occurred yet. If the outbound payment has already occurred, the "Record Form" can only be revised.
|
|
Q:
|
How to handle tax-related archival filing for outbound payment and foreign exchange payment for the taxpayers in different places?
|
|
A:
|
Taxpayers can log in to local Tax Bureau online system to handle tax-related archival filing at any time. They may choose a nationwide bank to pay foreign payment when filing the "Recording Form". They can use the "Recording Form" number and verification code and go to bank for outbound payments at bank in accordance with relevant regulations of State Administration of Foreign Exchange.
|
FAQ
