Yes – cross?border RMB payments qualify for the same export tax refund as foreign currencies.
Many exporters worry: if an overseas client pays in RMB (from an offshore account), will I lose my VAT rebate?
No. The policy is clear.:
China treats cross?border RMB as a legitimate export settlement currency – just like USD, EUR, or JPY. The tax authorities do not look at the currency; they look at whether the export is genuine, goods leave China, and payment comes from abroad.
When your client pays in RMB, you eliminate currency fluctuation worries. You know exactly what you’ll receive, and refund calculations become simpler.
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Set up in 2009 Focus on Tax& Accoounting +86 189 16298482 wcx@ruanyinchina.com |
