Regulations Governing the Declaration of Foreign Exchange Receipts and Disbursements or Transactions｜第 4 條｜外匯｜Regulation｜In Force
中央銀行｜v1.0
Last Amended: 2022-12-26
（Direct declaration of foreign exchange settlement） Except of those foreign exchange transactions specified in Article 5, in which the banking enterprises shall verify the relevant contracts, letters of approval or other documents that evidence the Declaration Statement of foreign exchange receipts and disbursements or transactions before processing the declaration of foreign exchange settlements, a declarant, after filling out a Declaration Statement, may declare foreign exchange settlements against the New Taiwan dollar in the following foreign exchange receipts and disbursements or transactions: 1. Foreign exchange receipts from export of goods or provision of services to non-residents by a company, a firm, an association, or an individual; 2. Foreign exchange disbursements for import of goods by a company, a firm, an association, or an individual, or for services provided by non-residents; 3. Foreign exchange purchased or sold by a company or a firm within the annual aggregate settlement amount not exceeding the equivalent of USD 50 million or foreign exchange purchased or sold by an association or an individual within the annual aggregate settlement amount not exceeding the equivalent of USD 5 million; however the Bank may, in view of economic or financial conditions, or the needs for maintaining the order of foreign exchange market, designate foreign exchange receipts and disbursements or transactions of specific nature with annual aggregate foreign exchange purchased or sold exceeding a certain amount be handled in accordance with Paragraph 1 of Article 6 herein. 4. Foreign exchange sold by a representative or business office that does not have operating income in Taiwan to cover its office expenses; and 5. A single remittance by a non-resident not exceeding the equivalent of USD 100,000. However, a foreign financial institution outside the territory of the Republic of China may not sell foreign exchange through inward remittance. The amount of foreign exchange purchased or sold as referred to Subparagraphs 1 and 2 of the preceding paragraph and Subparagraph 4 of Article 5 herein will not be counted toward the declarant’s aggregate settlement amount of the current year. Where a declarant has made foreign exchange settlement against the New Taiwan dollar for the foreign exchange receipts, disbursements, or transactions related to export or import of goods as specified in Subparagraphs 1 and 2 of Paragraph 1 with shipping documents, a certificate of foreign exchange settlements against the New Taiwan dollar for exports/imports issued by a banking enterprise may serve as the Declaration Statement.