An issue that frequently crops up at this time of year is the question of getting earned income out of China 정보이용료 현금화. As many expatriates look to leave to go home for Christmas, those hemorrhoids of RMB which have been stacking up nicely set out to look mouth-watering in terms of repatriating the readies. But here comes a catch -- for expatriates properly utilized for China, and paying tax here, there is not a problem. But for those getting work done in China's dull economy -- there is. Let me explain.

China employs strict currency regulations that are designed to prevent large amounts of currency moving out of the country. Your bit may not seem like a huge deal, but if everyone moved out a few thousand dollars, it would impact upon China's economy. The movement of illicit cash both into and out of China is known as "hot money" and it can seriously damage a place's financial stability if not regulated. China controls and monitors the amounts of money getting into and out of the country via a mechanism known as SAFE -- Nys Administration of Foreign exchange. In order to properly take money out of China (typically cord transfer), a software needs to be built to SAFE (your bank would normally assistance with this procedure) with evidence of income taxes paid in China, and details of the overseas bank account the funds have to be wired to.

The onus is on the applicant therefore to demonstrate the money was properly earned and taxes have been paid on it. If so, the money is permitted to be repatriated and there is no daily or annual threshold constraining the amount an individual may transfer. This should not be a problem for expatriates in China with proper working contracts, visas and tax registrations. However, many expats in China fall into a different category. Either by design or default (Chinese employers sometimes take advantage , nor fully explain this issue), there are expatriates in China who are not properly registered with the authorities, are not paying taxes, and who have nonetheless acquired a lot of money of RMB. Here, there is a problem. Firstly, such individuals cannot fulfill the SAFE requirements, and this becomes a block. Chinese banks will not allow you to exchange and cord overseas any amount over the RMB equivalent of US$500 for you without SAFE approval, and if there is no tax paid invoices (employers should provide this) or no work permit or visa, this route is prohibited.