Exchange rate, also known as foreign exchange rate, foreign exchange rate or foreign exchange market, refers to the exchange rate between two currencies, and can also be regarded as the value of one country's currency against another's currency. Specifically, it refers to the ratio or parity between one country's currency and another country's currency, or the price of another country's currency expressed in one country's currency.

According to Article 9 of the Notice of People's Republic of China (PRC) State Taxation Administration of The People's Republic of China on Printing and Distributing (Guo Shui Fa [2009] No.3), if the withholding agent's external payment or due payment is in a currency other than RMB, when declaring the enterprise income tax withheld, it shall convert it into RMB according to the central parity of RMB exchange rate announced by the state on the day of withholding, and calculate the taxable income.

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Response time: 2021-12-01. Please refer to the latest business changes announced by Ping An Bank in official website.