All payments under foreign trade in services are taxable. However, if the amount is less than the equivalent of $30,000, the bank will not review the tax certificate of external payment, and banks with more than $30,000 will require tax certificates.

According to relevant regulations:

If a non-resident enterprise has no institution or place in China, or if it has an institution or place, but the income obtained has no actual connection with its institution or place, it will only be taxed on the income originating in China;

Where a non-resident enterprise establishes an institution or place within the territory of China, it shall pay enterprise income tax on the income obtained by its institution or place from the territory of China and the income generated outside China but actually related to its institution or place.

What is the personal foreign exchange limit?

The requirements for individual customers to receive foreign currency remittances from overseas (including Hong Kong, Macao and Taiwan) are as follows:

1. When receiving overseas remittances, Bank of China adheres to the principle of "pay as you go, pay as you go". Remittances before the value date cannot be paid. There is no limit to the amount of overseas remittance. At present, the foreign exchange management policy requires nothing more than fulfilling the declaration procedures in accordance with the provisions of the State Administration of Foreign Exchange on the declaration of international payments.

2. The specific provisions of the declaration of balance of payments are as follows: the declaration of balance of payments is applicable to private foreign-related income and expenditure with the equivalent of less than $5,000 (including $5,000), that is, the declaration information (transaction code, transaction postscript, name and code of the country (region) where the payee/payer is located) in the foreign-related income and expenditure voucher can be omitted by the individual declaration subject. However, the money received by domestic non-resident individuals from abroad and paid abroad through domestic banks is not included. For inward remittance exceeding the declaration limit of balance of payments (US$ 5,000), the formalities shall be handled in accordance with the relevant declaration and statistics regulations of the local foreign exchange administration. Handling outlets (usually your account opening outlets, subject to telephone notification) will contact outlets to declare the declaration form you need to fill out. Different customers need to declare different information. If you can't provide information and materials that meet the reporting requirements,

Do I have to pay tax on remittance from Hong Kong to overseas? According to the relevant regulations, overseas remittance is taxable. Moreover, the remittance exceeds the amount stipulated by the bank, and relevant certificates are needed. However, if individuals receive foreign exchange, there is no limit. Do you understand the answer in the article? Thanks for reading.