The settlement of foreign exchange is converted according to the spot purchase price, which is equivalent to the bank buying foreign currency in RMB, so the spot purchase price is implemented. Collection of foreign exchange means that within a certain period of time after the export of goods, the enterprise shall write off the collection of foreign exchange from the local foreign exchange administration department to confirm that the export price has been recovered or used according to the regulations.
1: The so-called buying price or selling price is from the perspective of banks. Banks pay RMB for foreign exchange, that is, they buy foreign exchange and execute the purchase price. When the bank receives RMB to pay foreign exchange, it sells foreign exchange and executes the selling price.
2. If the settlement is not cash but foreign exchange cash, the cash purchase price will be executed.
3. The middle price is only a symbolic price, which is used for enterprise bookkeeping, and this price is not used for actual foreign exchange settlement.
Verification process of foreign exchange receipt
1, write-off of full foreign exchange receipt:
(1) Verification Sheet of Enterprise's Export Receipt
(2) The original verification form stamped with the Customs "Inspection Seal" and a copy of the tax refund.
(3) The original declaration form of export goods stamped with the "Inspection Seal" of the Customs.
(4) Original commercial invoice. Enterprises with foreign investment shall provide export invoices uniformly formulated by tax authorities, and affix official seals or special invoices; Export invoices provided by other export enterprises must be stamped with the special seal for enterprise invoices.
(5) The special seal for verification of export proceeds issued by the bank (it should have the necessary elements such as "official seal of the bank", "special seal for verification of export proceeds", "special seal for verification of export proceeds" and the corresponding verification bill number), and the special seal for verification of export proceeds in different places should be stamped with the water bill confirmed by the "Special Seal for Supervision of Verification of Export Proceeds" of the foreign exchange bureau where the proceeds are collected.
2. The verification of foreign exchange receipt shall be handled in accordance with the payment for the processing of incoming materials and the assembly and export of incoming parts;
(1) Verification Sheet of Enterprise's Export Receipt
(2) Write off all documents at points 2, 3, 4 and 5.
(3) Customs registration manual, enterprise contract and approval from foreign trade department (original and photocopy).
3. Write-off of deduction balance of export income from processing with materials: (only applicable to foreign-invested enterprises) Every time an enterprise applies for write-off of deduction balance, it shall provide the following materials:
(1) Approval certificate of processing trade business, customs import and export registration manual and import and export contract issued by the competent foreign trade department (subject to examination and approval by the competent foreign trade department and customs filing)
(2) Docs at 1, 2, 3, 4 and 5 are written off in full.
(3) the original customs declaration form for imported goods and the IC card for foreign exchange verification of enterprises.
4. For export by other special trade methods, the verification of export proceeds shall be handled in accordance with the requirements of the Detailed Rules for Implementation.
What exchange rate is used to calculate export proceeds, and the settlement of foreign exchange is converted at the spot purchase price, which must be strictly examined in accordance with the provisions of the tax law. We should reflect the above information in financial processing, and all financial personnel and business operators should attach great importance to it. If you need more accounting knowledge, please continue to pay attention to the information update in official website.