The declaration of foreign-related income refers to the declaration that needs to be made due to the different nature of the source of funds when receiving foreign currency remittances from abroad.

according to article 3 of the operating rules for reporting international balance of payments statistics through financial institutions, non-bank institutions and individuals (hereinafter referred to as "reporting entities") who make foreign-related income or foreign-related payment through domestic banks should report international balance of payments statistics in a timely, accurate and complete manner. The reporting entity of foreign-related income shall report the money within five working days (T+5) after the date of settlement by the settlement bank (t) or after the date of settlement (t).

the reporting entity of foreign-related payment shall report the payment at the same time as submitting the Application for Overseas Remittance or the Notice of External Payment/Acceptance. The reporting entity of an institution shall apply for the organization code or special organization code in accordance with the relevant provisions before handling the statistical declaration of international balance of payments involving foreign affairs, and handle it in accordance with the relevant provisions of Chapter II of these Operating Procedures.

Extended information:

Operating Rules for Statistical Reporting of Balance of Payments through Financial Institutions Article 7 Domestic banks and reporting entities shall properly keep the Foreign Income Declaration Form, the Application for Overseas Remittance and the Notice of Acceptance of Foreign Payment. The paper-based Foreign Income Declaration Form, Overseas Remittance Application Form and Foreign Payment/Acceptance Notice shall be kept for at least 24 months, and can be destroyed by itself after the expiration of the preservation period. Unless otherwise stipulated by the State Administration of Foreign Exchange, such provisions shall prevail.

article 8 a domestic bank shall, in accordance with the relevant provisions on the verification of foreign exchange payment for import of goods, submit the paper application for overseas remittance and the "foreign exchange bureau retention copy" of the notice of external payment/acceptance to the foreign exchange bureau.

Baidu Encyclopedia —— Operating Rules for Reporting Balance of Payments Statistics through Financial Institutions