Whoever conceals, conceals, transfers, purchases, sells on behalf of others, or conceals or conceals the crime, shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also, or shall only, be fined; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined. If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.
Criminals engage in illegal and criminal activities such as cross-border remittance, buying and selling foreign exchange, and transferring funds from abroad to China without the approval of the competent state department. Generally, it is punished as illegal business. Whoever, in violation of state regulations, commits one of the following illegal business operations and disrupts the market order, if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also, or shall only, be fined not less than one time but not more than five times the illegal income; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than five years, and shall also be fined not less than one time but not more than five times his illegal income or his property shall be confiscated.
In case of legal transfer:
Individuals who have a domicile in China or have no domicile but have lived in China for one year shall pay individual income tax in accordance with the provisions of the Individual Income Tax Law on income obtained from China and abroad. If the income is paid or borne by the domestic dispatched unit, the domestic dispatched unit shall be the withholding agent; The income is paid by a China institution working or serving abroad, or entrusted by its domestic dispatched (investment) institution to collect taxes; Calculation:
1. If the overseas income is in foreign currency, it shall be converted according to the RMB benchmark exchange rate announced by the central bank on the last day of last month;
2. If the taxpayer's overseas income has been paid in the source country or region, China will deduct the tax paid by the taxpayer according to different circumstances; The deduction shall not exceed the taxable amount of the taxpayer's overseas income calculated according to the tax law of China;
3. For taxpayers' overseas income, the taxable amount calculated according to the tax rate stipulated in the tax law is "deduction limit", which should be calculated item by item by country (region);
4. If the income obtained by individuals abroad is lower than the deduction limit calculated according to domestic regulations, the difference should be paid back in China; If it exceeds the "deduction limit", the excess part shall not be deducted as tax, but it can be supplemented within the balance of the deduction limit in the next 5 years.
Legal basis:
Criminal law of the people's Republic of China
Article 312 Whoever conceals or conceals the proceeds of crime, or knowingly conceals, transfers, purchases or sells them on behalf of others, or conceals or conceals them by other means, shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance and shall also, or shall only, be fined; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined.
If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.
Article 192 The crime of fund-raising fraud refers to illegal fund-raising by fraudulent means for the purpose of illegal possession. If the amount is relatively large, it shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined. If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than seven years or life imprisonment, and shall also be fined or confiscated.
If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.
Article 266 Whoever defrauds public or private property in a relatively large amount shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also, or shall only, be fined; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years and shall also be fined; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined or confiscated. Where there are other provisions in this Law, such provisions shall prevail.
Regulations of People's Republic of China (PRC) Municipality on Foreign Exchange Control
Article 45 Anyone who buys or sells foreign exchange privately, in disguised form, while buying or selling foreign exchange in reverse, or illegally introduces the purchase or sale of foreign exchange in a large amount shall be given a warning, his illegal income shall be confiscated, and a fine of less than 30% of the illegal amount shall be imposed; If the circumstances are serious, a fine of not less than 30% of the illegal amount but not more than the equivalent value shall be imposed; If a crime is constituted, criminal responsibility shall be investigated according to law.