Regulations Governing the Declaration of Foreign Exchange Receipts and Disbursements or Transactions｜第 6 條｜外匯｜Regulation｜In Force
中央銀行｜v1.0
Last Amended: 2022-12-26
（Declaration of foreign exchange settlement requiring approval） The declaration of foreign exchange settlement against the New Taiwan dollar involving the following foreign exchange receipts and disbursements or transactions may not be processed until the declarant has received approval from the Bank by submitting the Declaration Statement along with evidencing documents through banking enterprises: 1. Essential remittances by a company or a firm whose annual aggregate settlement amount of foreign exchange purchased or sold has exceeded the equivalent of USD 50 million; or essential remittances by an association or an individual whose annual aggregate settlement amount of foreign exchange purchased or sold has exceeded the equivalent of USD 5 million. 2. A single remittance exceeding the equivalent of TWD 500,000 by a natural person under 18 years of age, bearing a Citizen's ID Card, a relevant Taiwan Area Resident Certificate, or an Alien Resident Certificate with a validity of more than one year from the date of issuance. 3. The following remittances where a single remittance by a non-resident exceeds the equivalent of USD 100,000 in foreign exchange purchased or sold: (1) Revenue from contract construction within the territory of the Republic of China; (2) Deposits of guarantees and arbitration fees for pending legal disputes within the territory of the Republic of China; (3) Payment related to legally or approved by the competent authorities acquiring real estate for self-use within the territory of the Republic of China; (4) Inheritance, insurance claims, and pensions legally acquired within the territory of the Republic of China. 4. Other essential remittances. With the exception of married declarants, foreign exchange settlements for remittances specified in subparagraph 2 of the preceding paragraph shall be declared by the principal's statutory agent, and the principal and his/her statutory agent shall both sign the Declaration Statement in the "Signatures of the declarant and his responsible person" section.