China allows FIEs and enterprises issuing shares offshore to remit their profits, dividends and bonuses out of the country. Such remittances do not require the prior approval of SAFE. The enterprises, by presenting the necessary documents, can make the remittance direct through the bank, which will report details of the remittance to the local foreign exchange administration.
Documents and Procedures for Remittance of Profits, Dividends and Bonuses
1. Documents to be submitted to bank
Tax payment statement and tax return (enterprises eligible for taxexemption and reduction should also submit proofsissued by local taxoffice); Audited report prepared by accounting firm on profits, dividends andbonuses of the current year; Resolution of the board of directors on dividend and bonus distribution; Foreign exchange registration certificate of foreign-invested enterprise.
2. Bank verifies authenticity of documents
3. Bank completes remittance procedures done, bank will keep photocopies of these two documents for record.
4. Bank reports to local foreign exchange administration dividends and bonuses remitted by FIEs.
杨春宝一级律师简介
常见法律问题
外商投资企业汇出利润分红是否需要外汇局事前批准？
外商投资企业汇出利润分红无需外汇局事前批准，凭税务文件直接通过银行办理即可。银行会将汇款详情报送当地外汇管理部门备案，企业仅需准备完税证明和纳税申报表等材料供银行审核。
办理利润汇出需要向银行提交哪些核心材料？
需提交完税证明和纳税申报表，享受减免税优惠的企业亦须提供相关减免税备案资料。银行审核材料无误后即可直接办理汇出手续，全程无需外汇局前置审批。
境外上市企业分红汇回国内适用同样的便利化流程吗？
境外发行股份的企业分红汇出同样适用免批便利化流程，无需外汇局事前审批。同外商投资企业一样凭税务完税凭证通过银行直接办理，银行事后报送外汇管理部门备案。
以上内容仅供参考，不构成法律意见。如需专业法律服务，请联系杨春宝一级律师：chambers.yang@dentons.cn
