The three departments issued a document to improve the convenience of cross-border tax payment
发布日期：2024-01-18
Beijing, Jan. 17 (Xinhua (Wu Yu, Chen Jiayuan) The People Bank of China, the Ministry of Finance and the State Administration of Taxation recently issued a joint document to further regulate the cross-border tax payment and return business, improve the efficiency of budget funds collection and storage, and improve the convenience of cross-border tax payment.
According to reports, in response to the trend of increasing demand for cross-border tax payment using RMB in recent years, the three departments jointly issued the Notice on Matters Related to the Management of Cross-border Tax Payment and Return Business, expanding the scope of cross-border tax payment and return business collected by the tax authorities to tax, non-tax income, social insurance premiums and other taxes. And the corresponding tax and non-tax revenue return business.
The notice clarifies the business process, account usage methods, information declaration requirements, etc. of cross-border tax payment and return under different methods, and improves the institutional basis for the cross-border tax payment and return business of various currencies, including RMB.
The notice requires that the national Treasury, which receives cross-border foreign currency taxes and fees, shall be qualified for foreign exchange settlement and sale; The banking financial institutions of the Treasury collection office where the cross-border RMB tax and fee payment business is located shall have the ability to carry out cross-border RMB settlement business.
The three departments said that in the next step, the People Bank of China, the Ministry of Finance and the State Administration of Taxation will guide the coordination of various regions to effectively ensure the safety of cross-border tax and fee funds, timely payment and return to the Treasury, and constantly improve the quality and efficiency of services. (Source: Xinhuanet)
According to reports, in response to the trend of increasing demand for cross-border tax payment using RMB in recent years, the three departments jointly issued the Notice on Matters Related to the Management of Cross-border Tax Payment and Return Business, expanding the scope of cross-border tax payment and return business collected by the tax authorities to tax, non-tax income, social insurance premiums and other taxes. And the corresponding tax and non-tax revenue return business.
The notice clarifies the business process, account usage methods, information declaration requirements, etc. of cross-border tax payment and return under different methods, and improves the institutional basis for the cross-border tax payment and return business of various currencies, including RMB.
The notice requires that the national Treasury, which receives cross-border foreign currency taxes and fees, shall be qualified for foreign exchange settlement and sale; The banking financial institutions of the Treasury collection office where the cross-border RMB tax and fee payment business is located shall have the ability to carry out cross-border RMB settlement business.
The three departments said that in the next step, the People Bank of China, the Ministry of Finance and the State Administration of Taxation will guide the coordination of various regions to effectively ensure the safety of cross-border tax and fee funds, timely payment and return to the Treasury, and constantly improve the quality and efficiency of services. (Source: Xinhuanet)
