How to transfer assets abroad

In China, the procedures for transferring assets overseas are very strict. If the parties have this idea, they need to apply first, and the transfer can only be carried out after the application is passed. The following is a compilation of relevant knowledge about how to transfer assets abroad to answer your questions. First, how to transfer assets abroad.

The asset transfer method is as follows:

1, apply to the provincial administration of foreign exchange for overseas transfer of assets.

2. The assets that can be applied for are cash. If you own other securities and real estate, you must sell them before you can apply for asset transfer.

3. The application amount must be planned. For example, if all your assets are discounted to a total of $30 million, you can choose to apply for the transfer of $30 million, or you can apply for the transfer of 10 million, but no matter what the number is, you can only apply once. If you choose to apply for100,000 yuan, you still have to abide by the annual limit of 50,000 dollars if you want to transfer assets abroad in the future.

4. If the real estate is sold, the transaction amount registered in the housing management department can be transferred. For example, your house sold for 3 million, but only wrote 2.8 million when you registered. Although some taxes can be saved, the assets that can be transferred overseas are also less than 200 thousand.

5. When transferring assets, it must be my personal account with the same name in the country where I moved. So it is impossible to use your permanent residency to transfer money for others.

In addition, it should be noted that the approval difficulty of SAFE varies from place to place. Relatively speaking, the more economically developed cities, the less difficult it is to approve, such as Beijing and Shanghai. Chinese-funded commercial banks around the world usually don't do this business with high profile. If you need to do this, please try to find a foreign bank.

Second, the general treatment of the transfer of fixed assets

1. Fixed assets such as land, buildings, transportation equipment, machinery and equipment are mutually transferred within the company, and the transfer department shall fill in the "Fixed Assets Transfer Form".

2. Transfer in quadruplicate, signed by the management department and sent to the transfer-in department for signature (if the management department is different, one copy shall be printed and signed by the transfer-in management department), the first copy shall be sent to the management department (if the management department is different, the other copy shall be sent to the transfer-in management department and recorded in the "Fixed Assets Registration Card"), the second copy shall be sent to the accounting department, the third copy shall be sent to the immigration department, and the fourth copy shall be sent to the emigration department.

3. When leaving the factory, the "transhipment waybill" shall be filled out separately.

4. "Transit waybill" in six copies. The first consignment department keeps it by itself; The second copy is transferred from the consignment department to the accounting department for temporary storage to check the third copy; After the time and license plate of the third to sixth copies are endorsed by the guard in the factory, the third copy is temporarily stored by the guard, transferred to the sending department for accounting on the same day, and transferred to the accounting unit voucher of the receiving department for checking within one day after checking with the second copy; The fourth, fifth and sixth couplet shall be signed by the doorman when the goods leave the factory and are delivered to the factory, and the license plate shall be delivered to the factory. The fourth copy is collected and kept by the receiving department. After the fifth and sixth copies are endorsed by the doorman, the fifth copy will be temporarily stored by the carrier, and the freight will be applied accordingly; The sixth copy was temporarily kept by the doorman, and the next day it was transferred to the accounting department of the receiving department to check with the third copy.

Three, the tax treatment of fixed assets transfer

In terms of turnover tax, if fixed assets are movable property, it mainly involves value-added tax. If the fixed assets are real estate, it mainly involves business tax.

(1) VAT

1. Notice of State Taxation Administration of The People's Republic of China, Ministry of Finance of People's Republic of China (PRC) on Several Issues Concerning the Reform of China's VAT Transformation (Caishui [2008] 170) stipulates that since June 65438+ 10/day, 2009, taxpayers selling their used fixed assets should be levied according to different situations. (2) Taxpayers who were not included in the pilot project of expanding the scope of VAT deduction before June 5438+February 3 1 day, 2008, sold their purchased or self-made fixed assets before June 5438+February 3 1 day, 2008, and the VAT was levied at a reduced rate of 4%.

2. Notice of State Taxation Administration of The People's Republic of China, Ministry of Finance of People's Republic of China (PRC) on the Policy of Applying Low VAT Rate and Simple Method to Collect VAT for Some Goods (Caishui [2009] No.9) stipulates that small-scale taxpayers (except other individuals, the same below) who sell their used fixed assets will be subject to VAT at a reduced rate of 2%.

3. The Notice of State Taxation Administration of The People's Republic of China on Issues Related to the Simple Collection Policy of VAT (Guo Shui Han [2009] No.90) stipulates that according to Item (3) of Article 4 of the Detailed Rules for the Implementation of the Provisional Regulations on VAT, taxpayers (units or individual industrial and commercial households) with more than two institutions and unified accounting transfer goods from one institution to another for sale, which is regarded as selling goods, but the relevant institutions are located in the same county (.

To sum up, we can know that

(1) For the transfer of fixed assets by general taxpayers, the tax rate is generally 17%, or 4% value-added tax is levied at half; Small-scale taxpayers are subject to VAT at a reduced rate of 2%;

(2) The transfer of fixed assets between the parent company and the subsidiary company in the independent accounting group is regarded as sales and subject to value-added tax, and the transfer of assets between the head office and the cross-county branches is regarded as sales and subject to value-added tax.

(2) Business tax

Article 4 of the Detailed Rules for the Implementation of the Provisional Regulations on Business Tax stipulates that the provision of services, the transfer of intangible assets or the sale of real estate mentioned in Article 1 of the Provisional Regulations on Business Tax refers to the paid provision of services, the paid transfer of intangible assets or the paid transfer of real estate ownership. That is, the two key words to judge the occurrence of business tax obligation are "paid" and "ownership". Paid refers to paid provision and paid transfer; Ownership refers to the transfer of real estate ownership. The transfer of limited property rights or permanent use rights of real estate, as well as the donation of real estate to others by the unit, are regarded as real estate sales. If the transfer of fixed assets involves the transfer of ownership, the business tax of 5% shall be paid according to law.

(3) Income tax

The Notice of State Taxation Administration of The People's Republic of China on the Income Tax Treatment of Enterprises' Disposal of Assets (Guo [2008] No.828) stipulates that the transfer of assets between the head office and branches can be regarded as internal disposal of assets, not as sales confirmation income, and the tax basis for related assets continues to be calculated.

Accounting treatment of fixed assets transfer

According to the relevant provisions of the Accounting Standards for Enterprises No.4-Fixed Assets, the transfer of fixed assets includes sale, transfer, foreign investment, exchange of non-monetary assets, donation, repayment of debts and transfer, and is generally accounted for through the subject of "fixed assets liquidation". That is, debit "fixed assets liquidation", "fixed assets impairment reserve" and "accumulated depreciation" and credit "fixed assets", and then refer to the balance of fixed assets liquidation in accordance with Accounting Standards for Business Enterprises No.2-Long-term Equity Investment, Accounting Standards for Business Enterprises No.7-Exchange of Non-monetary Assets and Accounting Standards for Business Enterprises No.0/2.

All of the above are about how to transfer assets abroad. According to the law, if a party intends to transfer assets overseas, it needs to apply to the Provincial Administration of Foreign Exchange for transferring assets overseas and go through the corresponding procedures.