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.
Extra benefit: no FX risk
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
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