Of course, all foreign currencies entering China are subject to foreign exchange control, and transfers through third-party payment platforms with payment licenses in China are also subject to the supervision of the foreign exchange bureau. The third-party payment platform can only provide domestic transfer after obtaining the relevant data of overseas transactions, and all links can be traced back. At present, only the tax bureau has a low probability of investigating this area. Once the investigation is started, this piece involves great risks of value-added tax and income tax, so we must be cautious;

In May 2020, the State Administration of Foreign Exchange issued the Notice of the State Administration of Foreign Exchange on Supporting the Development of New Forms of TradeNo. Huifa [2020]1/KLOC-0, in which Article 4 stipulates that domestic individuals engaged in cross-border electronic commerce can handle foreign exchange settlement in cross-border electronic commerce through their personal foreign exchange accounts. Domestic individuals who handle the settlement and sale of foreign exchange under cross-border electronic commerce and provide proof of transaction amount or transaction electronic information will not occupy the personal annual facilitation quota. Although the settlement of foreign exchange in cross-border electronic commerce has been regulated, the policy cannot be implemented without the coordination of customs supervision policies and the supervision of tax policies.