Do foreigners need to declare when they bring cash into the country?

Do foreigners need to declare when they bring cash into the country?

Yes, according to the laws of China, foreigners need to declare when they bring cash into the country.

1. Amount declared

According to Article 5 of the Interim Measures for the Administration of Carrying Foreign Currency Cash into and out of China, it is necessary to declare in writing to the customs if you bring in foreign currency cash exceeding the following amount:

More than 5, US dollars or equivalent foreign currency;

it is less than USD 5, or equivalent in foreign currency, but the amount of foreign exchange carrying certificate issued by financial institutions such as banks, insurance companies, securities companies, futures companies, fund management companies or trust and investment companies engaged in foreign exchange business exceeds USD 5, or equivalent in foreign currency.

II. Means of declaration

The declarant can declare in one of the following two ways:

Written declaration: the declarant can fill in the Declaration Form for Bringing Foreign Currency Cash into China, and submit the declaration form to the customs staff, take photos or scan it and upload it to the government service platform of the Immigration Bureau.

oral declaration: if the declarant can't fill in the Entry Declaration Form for Carrying Foreign Currency Cash, he can verbally declare the amount and source of foreign currency cash to the customs staff and submit relevant certification materials.

III. To sum up

According to the above regulations, foreigners should declare when they bring cash into the country. The purpose of declaration is to prevent money laundering, smuggling and other illegal activities and ensure national financial security. Therefore, foreigners should abide by the relevant regulations when entering the country and truthfully declare the amount of cash they carry to ensure the legitimate rights and interests of themselves and others.

Legal basis:

Article 53 of the Customs Law of the People's Republic of China: The basic procedures for customs clearance of articles allowed include declaration, inspection, taxation and release. The articles carried by passengers are limited to a reasonable amount for their own use. If the inbound and outbound articles exceed the prescribed quantity, the customs shall collect taxes according to the regulations.