I'd like to ask, under the condition that the export is only declared in the name of our company, the RMB collected in foreign exchange has been confiscated. Do I still need to apply for foreign exchange settlement and tax refund? Settlement of foreign exchange and tax refund are two actions, one involving banks and the other involving tax authorities. You have two bank accounts, a RMB local currency account and a foreign currency account, which means clearing RMB from the foreign currency account to your local currency account. Therefore, if you don't accept foreign exchange, there will be no foreign currency income, so you don't have to settle foreign exchange. Tax refund is a tax concept, which is based on the amount of tax refund you should return after you confirm the sales income. If you don't collect foreign exchange, you can't get a tax refund, but you will apply for a tax refund first under special circumstances of individual enterprise types and different tax levels.