China is a country with foreign exchange control. Individuals accept foreign exchange remittances of more than 2000 dollars (including 2000 dollars). Need to declare to the bank. In other words, you have to fill out the foreign exchange declaration form. So I suggest that if you have more than 2000 yuan to collect. Ask the remitter to pay separately. So there is no need to declare. Settlement of foreign exchange at any time
The relevant provisions are as follows:
Since July 1 2065438, the Measures for the Administration of Large-value Transactions and Suspicious Transaction Reports of Financial Institutions issued by the People's Bank of China have been implemented!
According to the Administrative Measures, financial institutions shall submit large transaction reports on cash receipts and payments in the form of cash deposits, cash withdrawals, cash settlement and sale of foreign exchange, cash remittance, cash bill payment, etc. with a single or cumulative transaction amount exceeding RMB 50,000 (including RMB 50,000) and the foreign currency equivalent of that day exceeding US$ 654.38+US$ 0,000 (including US$ 654.38+US$ 0,000).
For example, if a natural person purchases US dollar cash with RMB cash through a banking institution, and the single or accumulated transaction on that day is more than RMB 50,000 (including RMB 50,000), the banking institution handling the business needs to declare the transaction as a large transaction.
The central bank stipulates that financial institutions should submit reports within five working days after confirming suspicious transactions through internal early warning and analysis.
First of all, the use of foreign exchange is strictly examined and screened, and foreign exchange transactions can only be carried out in rare cases. According to the new regulations, starting from 20 17 10, no matter whether the counter or online bank purchases foreign exchange, it is necessary to fill out an application form for individual purchase of foreign exchange to conduct a more detailed investigation on the purpose of individual purchase of foreign exchange.
The permitted purposes of purchasing foreign exchange under personal current account include: private travel, studying abroad, going abroad on business, visiting relatives, overseas medical treatment, trade in goods, non-investment insurance, consulting services and other 9 items.
The second is to control the relationship between foreign exchange personnel and increase the "attention list". According to the "Application", if foreign exchange is illegally arbitrage, in addition to being included in the "attention list", 50,000 foreign exchange purchase quotas will be cancelled in the next two years, and a fine of about 30% and less than 50,000 yuan may be imposed.
In addition, strictly control the amount of exchange and transfer. Adjust the RMB declaration standard for large cash transactions from 200,000 yuan to 50,000 yuan. For cross-border capital transactions, financial institutions should submit large transaction reports.
This means that after the implementation of the New Deal, cross-border remittances 1 10,000 US dollars and equivalent foreign currencies need to be declared.