How can foreign nationals remit proceeds from selling Chinese property?

After completing tax clearance, apply at a Chinese bank with: tax clearance certificate, property sales contract, identity documents, and proof of fund source.

What taxes apply when selling Chinese property as a foreigner?

You need to pay VAT (exempt after 2-5 years), Individual Income Tax (20% of the gain), and urban maintenance tax. Tax clearance must be completed before remittance.

Can I remit inherited funds from China?

Yes. With an inheritance notarization certificate, you can apply to remit the proceeds. Inheritance remittances are exempt from the annual 50k USD individual forex purchase quota.

Asset Liquidation & Fund Repatriation

Summary: Foreign nationals selling property or exiting investments in China must navigate tax clearance, foreign exchange controls, and international remittance procedures. This guide covers applicable scenarios, legal framework, step-by-step procedures, and key considerations.

Overview

Foreign nationals selling property in China must navigate tax clearance, forex controls, and remittance procedures.

Tax Clearance

Complete tax clearance at the local tax bureau before transferring funds.

Foreign Exchange Purchase

Apply at a bank to purchase foreign currency at the prevailing rate.

Timeline

The process typically takes 2-4 weeks.

Asset Liquidation & Fund Repatriation

Overview

Tax Clearance

Foreign Exchange Purchase

Timeline

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