I. Definition of foreign exchange refund under trade in services
Refund of foreign exchange under service trade means that foreign exchange income under service trade can be returned to the original remitter or its designated beneficiary under certain conditions.
Two. Foreign exchange refund request under service trade
1, foreign exchange income is legal.
The foreign exchange income under the service trade must be legal, that is, the foreign exchange income should comply with the provisions of relevant laws and regulations in China, such as the Regulations of People's Republic of China (PRC) on Foreign Exchange Management. If the foreign exchange income is illegal, it is impossible to refund the foreign exchange.
2, the amount of foreign exchange refund shall not exceed the original remittance or remittance amount.
The amount of foreign exchange refunded under service trade shall not exceed the original remittance or remittance amount, that is, the amount of foreign exchange refunded must be consistent with the original remittance amount. If the remittance refund amount exceeds the original remittance amount, it will not be possible to refund the remittance.
3. The application for foreign exchange refund must comply with the provisions.
Refund of foreign exchange under service trade must comply with relevant laws and regulations of China, such as the Notice of the People's Bank of China on Printing and Distributing. If the application for remittance refund does not meet the requirements, it will not be possible to refund the remittance.
4. Remittance information must be complete and true.
Relevant information required for remittance under service trade must be complete and true, such as import and export contracts, service contracts, investment agreements, etc. If the information is incomplete or false, the remittance cannot be refunded.
Matters needing attention for foreign exchange refund under service trade:
1. Pay attention to the application time of remittance refund.
Generally, the application time for foreign exchange refund under service trade should be put forward within a certain period from the date when the original remitter or his designated beneficiary receives foreign exchange income, and the specific period depends on different situations. If it exceeds the prescribed time limit, it will not be possible to refund the foreign exchange.
2. Pay attention to the accuracy of the refund amount.
The amount of foreign exchange refunded under service trade must be accurate, including the original remittance or remittance amount, exchange rate, exchange rate adjustment, etc. If the amount is not accurate, foreign exchange cannot be refunded or the refund amount is insufficient.
3. Pay attention to the compliance of foreign exchange refund methods.
The method of foreign exchange refund under service trade must comply with the relevant laws and regulations of our country, and the refund is generally made by bank wire transfer and online banking. If you refund in an irregular way, you will not be able to refund the foreign exchange or the refund will fail.
4. Pay attention to keep relevant supporting materials.
Tax refund under service trade needs to provide relevant supporting materials, such as import and export contracts, service contracts, investment agreements, etc. These certification materials must be complete and true when applying for remittance refund, and pay attention to keeping them properly so as to provide proof when necessary.
5. Keep in touch with the bank.
Foreign exchange refund under service trade needs to keep close communication with banks, understand the refund progress and matters needing attention, and solve problems in time. At the same time, we should also understand the relevant policies and requirements from banks to ensure the legality and compliance of cash withdrawal.