The payee/beneficiary refers to the creditor in a debtor-creditor relationship, usually the exporter in international trade. When the payee receives the collection notice from the remitting bank, he/she should pay attention to the following matters.
(1) Carefully review and confirm whether the amount is his/her own receivables.
(2) Provide the following relevant information in accordance with the requirements of my country’s national foreign exchange management.
① Receipt of foreign exchange under trade items. Provide the export verification form number, fill in the international balance of payments declaration form in time, and submit it to the remitting bank to enter the relevant international balance of payments declaration system.
② Patent and copyright income. Provide personal ID card, patent or copyright certificate, transfer or use agreement, and overseas tax certificate.
③ Manuscript fee income. Provide personal ID card, published works, and overseas tax certificate.
④ Consulting fee income. Provide personal ID card, consulting agreement, and overseas tax certificate.
⑤ Insurance income. Provide personal ID card, insurance policy, claim form, and claim settlement certificate.
⑥ Profit and dividend income from personal investment. Provide your ID card, investment agreement or equity certificate, profit distribution resolution or dividend payment certificate, and overseas tax certificate.
⑦ Interest income. Provide your ID card, bonds or bond registration certificate, deposit interest list, and overseas tax certificate.
⑧ Annuity and retirement fund remittance. Provide your ID card, overseas work certificate, and overseas tax certificate.
⑨ Employee remittance. Provide your ID card, employment agreement, and overseas tax certificate.
⑩ Inheritance income. Provide your ID card, notarized certificate, and overseas tax certificate.
? Family support remittance. Provide your ID card and a statement of your relationship with the remitter.
? Donation remittance. Provide your ID card, donation letter, and the donor’s identity certificate.
? Other foreign exchange income from current items. Provide your ID card and relevant supporting documents.
(3) For any doubtful remittance, please ask the remitting bank to inquire in time.
(4) If the payee wishes to accept conditional remittance, he must cooperate with the paying bank and handle the presentation of documents or fulfill the obligations and responsibilities required by the remitting bank.