Daily Commercial FX Settlement and Profit Repatriation

Service Scope:

• Guide cross-border receipts and payments for goods, services, commissions, management fees, royalties, rent and reimbursements

• Review document chain: contract, invoice, customs declaration, acceptance record, service deliverables, payment notice and tax documents

• Arrange FX receipt, conversion, purchase and payment in VND, USD, CNY or other currencies

• Assess profit distribution conditions: audit, CIT filing, loss offset, legal procedures and shareholder resolution

• Support after-tax profit remittance to China shareholders or offshore parent company

• Review tax impact including CIT, withholding tax, dividend treatment and tax treaty availability

• Handle bank inquiries on profit source, tax payment, financial statements, audit report and shareholder resolution

• Build annual funding plan for dividends, group charges, foreign debt repayment, capital injection and working capital

Process:

1. Map daily cross-border transaction types and counterparties.

2. Build document templates for each payment type.

3. Choose operating account, DICA or foreign loan account based on transaction nature.

4. Process FX receipt, conversion, purchase and cross-border payment.

5. Complete year-end closing, audit and CIT filing.

6. Issue shareholder/member resolution based on distributable profit.

7. Submit profit repatriation application, financials, audit report and tax documents to the bank.

8. Complete remittance and retain corporate, tax and bank records.