Financial Advisory Archives - Page 2 of 22

Domestic institutions here represent following entities and institutions located in the territory of China: Government bodies, Enterprises, Social organization, and Army, etc. Domestic institutions comprise foreign invested enterprises, but not financial institutions. All these entities and institutions should follow the rule regarding foreign exchange current account administration of State Administration Foreign Exchange (“SAFE”).

If we withheld tax for a foreign entity and paid the withholding tax in RMB to tax authority, and then the foreign entity repaid us an equivalent amount of foreign exchange, is it allowed by SAFE?

What entities or institutions should be reclassified as domestic institutions as defined in < Detailed Implementation Rules on Administration of Foreign Exchange Current Account of Domestic Institut

Under what circumstance should a tax payment / exemption certificate be provided before foreign exchange is remitted out of China？

Can foreign exchange be transferred from the current account of the parent company to the account of a subsidiary company?

Can foreign exchange be transferred between current accounts opened in different financial institutions?

Can the foreign exchange balance in the current account be transferred to fixed deposit?

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