Cross-border e-commerce financial process refers to a series of processes such as payment round trip, delivery and liquidation, and tax payment between e-commerce enterprises and overseas suppliers and consumers. Usually includes order payment, overseas payment, order settlement, tax payment and other links. In the financial process of cross-border e-commerce, overseas payment and settlement are involved, and relevant regulatory requirements need to be observed. According to the relevant regulations of China Administration of Foreign Exchange, it is necessary to open a cross-border trade basic deposit account in cross-border e-commerce business activities and register it for the record. At the same time, the company also needs to submit relevant information to domestic banks and China Foreign Exchange Administration. In addition, in the financial process of cross-border e-commerce, the calculation and payment of relevant taxes and fees is also an essential part. According to the relevant regulations of China Customs, cross-border e-commerce imports goods need to pay customs duties, value-added tax and consumption tax. Enterprises need to know about tax policies and strictly abide by them to avoid fines and other adverse consequences caused by violations.
How to open a cross-border trade basic deposit account and put it on record? Enterprises can apply for opening a cross-border trade basic deposit account through banks and other financial institutions, and submit the account opening information to the SAFE for registration. When opening an account, you need to provide relevant information, such as company business license, tax registration certificate, customs registration certificate, etc. The specific operation procedures and requirements vary from region to region, so it is recommended to contact the bank or relevant institutions for details.
The financial process of cross-border e-commerce involves many links, which requires enterprises to strictly abide by the relevant laws and regulations such as pre-approval, registration and filing, payment and settlement, and tax payment, so as to ensure the legal and orderly business. At the same time, enterprises also need to understand the regulatory policies and tax policies of different countries/regions, so as to better carry out cross-border e-commerce business.
Legal basis:
Article 72 of the Regulations of the People's Republic of China on Foreign Exchange Control shall, in accordance with the provisions of the China Administration of Foreign Exchange, provide timely, true and complete trading information to the banks opened by them and submit relevant statistical data.