After foreigners sell houses in China, how can they remit the funds for selling houses abroad?

At present, according to Chinese mainland's policy, qualified people from Hong Kong, Macao and Taiwan and foreigners can purchase foreign exchange and remit the sales income of domestic commercial housing after providing corresponding supporting materials. Taiwan Province's personal proceeds from the sale of real estate were remitted back to Taiwan Province Province. The main process is as follows:

1. With the sales contract and transaction tax, handle the tax filing of external payment with the local tax authorities;

2. After completing the tax filing procedures, handle the remittance business of overseas accounts with the same name with the Tax Filing Form for Foreign Payment of Service Trade and Other Items, the house sales contract, the identity documents stamped by the tax authorities and other materials.

(Different from other foreign exchange management policies, when individuals in Taiwan Province remit the proceeds from the sale of houses to their overseas personal accounts, they will not ask about the source of the original house purchase funds; If entrusting others, a notarized power of attorney and the valid identity certificate of the trustee shall be provided)

It is particularly important to note that at present, remittance abroad is only allowed in the form of foreign currency, and the remittance amount shall not exceed the balance of the transfer amount of real estate after deducting relevant taxes and fees in the tax bill. If the actual transaction amount of real estate is lower than the sales amount approved by the tax authorities, only some mainland banks will allow the purchase of foreign exchange with the amount approved by the tax authorities, depending on the regulations of the relevant banks.