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1.Banking enterprises shall assist customers to make truthful declarations pursuant
to the Regulations Governing the Declaration of Foreign Exchange Receipts and
Disbursements or Transactions (hereinafter referred to as "the Regulations for
Declaration") when customers settle foreign exchange against the New Taiwan
dollar.
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2.Banking enterprises that engage in foreign exchange settlement against the New
Taiwan dollar business in accordance with Subparagraph 3, Paragraph 1, Article 4
of the Regulations for Declaration shall enquire online about accumulated
settlement amount of the current year, and:
(1) Banking enterprises shall prevent the declarant from using third party names
to make declaration.
(2) The settlement amount limit of a person who holds an Alien Resident
Certificate with less than one year validity shall be handled on the same
basis as that of a non-resident, and the banking enterprise is not required
to enquire online about the accumulated settlement amount of the current
year.
(3) An individual who holds a certificate of Overseas Chinese（issued by the
Overseas Chinese Affairs Commission） and a document certifying the purchase
of real estate in the territory of the R.O.C. shall be entitled to the annual
aggregate settlement amount of a resident (hereinafter referred to as "Annual
Aggregate Settlement Amount") as provided in Subparagraph3, Paragraph 1,
Article 4 of the Regulations for Declaration. But the nature of the foreign
exchange settlement shall be related to the purchase of real estate.
(4) A declarant may settle the inward remittance which has originally been
remitted out of the R.O.C. and counted toward the declarant's Annual
Aggregate Settlement Amount ; then the aggregate settlement amount
restrictions stipulated by Subparagraph 3, Paragraph 1, Article 4 of the
Regulations for Declaration are not applicable, and it is not required to
enquire the accumulated settlement amount of the current year. In addition,
the banking enterprise shall write down the amount and the date of foreign
exchange sale of inward remittances on the declarant's original
Foreign Exchange Sale Memo, affix the signature/seal, and retain
a photocopy for future reference.
(5) The enquired accumulated settlement amount of the current year shall be
printed out on the banking enterprise's receipt slip of the Declaration
tatement of Foreign Exchange Receipts and Disbursements or Transactions
(hereinafter referred to as " Declaration Statement") to facilitate on-site
examination by the Central Bank of the Republic of China (Taiwan)(hereinafter
referred to as "the Bank") and other financial auditing authorities.
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3.Banking enterprises that engage in foreign exchange settlement against the New
Taiwan dollar in accordance with Subparagraph 4, Paragraph 1, Article 4, of the
Regulations for Declaration shall be aware that the settlement amount for a
single transaction is limited to a maximum of US dollars 100,000, and shall
strive to prevent declarants from breaking up large settlements into smaller
ones to avoid the provision of Article 6 of the Regulations for Declaration
specifying that large amount foreign exchange settlement may be completed only
after obtaining the Bank's approval. Banking enterprises that engage in foreign
exchange settlement against the New Taiwan dollar in accordance with Paragraph 3,
Article 5 of the Regulations for Declaration shall be aware that the accumulated
settlement amount shall not exceed the limit approved by the competent
authorities.
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4.As for a private enterprise with prior approval from the Department of Foreign
Exchange of the Bank (hereinafter referred as "the Department") to convert the
funds borrowed from foreign financial institutions into New Taiwan dollars for
medium- and long-term investments in Taiwan, the banking enterprise may process
the exchange settlements for principal and repayments of principal and
interest of the loan for the said enterprise using "the Schedule of Withdrawal
and Repayment of Medium- and Long-Term Loans from Overseas Financial Institutions
by Private Enterprises" that bears the seal of the Department. The amount of
foreign exchange thus settled will not be counted toward the accumulated
settlement amount of the current year for the said enterprise.
Except for the approved cases described in the preceding paragraph, the amount of
foreign exchange sold or purchased by a private enterprise in relation to funds
borrowed overseas for which the enterprise has filled out the "Statement of
Medium- and Long-Term External Debts by Private Enterprises", and subsequent
repayments of principal and interest shall be counted toward the accumulated
settlement amount of the current year of the said enterprise. In addition, for
exchange settlements relating to repayments of principal and interest, the banking
enterprise may still process the settlements without requiring the enterprise to
obtain the approval from the Department even if the said enterprise has used up
its Annual Aggregate Settlement Amount.
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5.For people from the Mainland China Area who hold Taiwan Entry and Exit Permit or
Taiwan Resident Certificate and intend to sell foreign exchange against the New
Taiwan dollar, the banking enterprise may handle the case provided the amount of
each settlement is less than US dollars 100,000 or equivalent. The unspent New
Taiwan dollar can be converted back into foreign currency with the submission of
the original Foreign Exchange Purchase Memo which shall be reclaimed and
cancelled by the banking enterprise. If the amount exceeds US dollars 100,000,
then the Department's approval is needed before settlement. When handling such
cases, the banking enterprise shall write down the uniform identification
number of the declarant's Taiwan Entry and Exit Permit or Taiwan Resident
Certificate. If the declarant does not have a uniform identification number,
write down the Permit number and specify the country of origin as "Mainland
China" and annotate "people of the Mainland China Area" on the Foreign Exchange
Purchase (Sale) Memo.
For an overseas Chinese holding a ROC passport issued by the Ministry of Foreign
Affairs, the ROC or a resident of Hong Kong or Macau holding a Taiwan Entry and
Exit Permit, the settlement amount shall be the same as that for a non-resident.
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6.A person needs not fill out a Declaration Statement for settling foreign exchange
against the New Taiwan dollar for an amount of less than 500,000 New Taiwan
dollars on a single transaction, and the amount of settlement will not be counted
toward his or her accumulated settlement amount of the current year. Banking
enterprises shall, however, be aware and strive to prevent the declarant from
breaking up large settlements into smaller ones to evade enquiry about the
accumulated settlement amount of the current year.
If a natural person less than 20 years of age residing in the territory of the
R.O.C. wishes to purchase foreign exchange for the payment of travel expenses,
or sell foreign exchange for living expenses in Taiwan, received donations, or
unspent travel expenses, the banking enterprise may process the settlement after
verifying the person's identification document if the amount of each transaction
is less than 500,000 New Taiwan dollars.
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7.When processing settlements related to loans and subsequent outward remittances
of repayments of principal and interest that a company borrows from its overseas
(including Mainland China and other third areas) subsidiary in which the foreign
investment of the company has been approved by (reported to) the Investment
Commission of the Ministry of Economic Affairs :
(1) For settlements of funds borrowed abroad and remitted into Taiwan: Banking
enterprises shall verify the letter from the Investment Commission of the
Ministry of Economic Affairs approving the company to invest in Mainland
China (or a third area) and documents evidencing the loan from its overseas
subsidiary. Banking enterprises may process the settlement after verifying
that the "Declaration Form for Loans Received by Taiwan Companies from
Mainland China Subsidiaries" or the "Declaration Form for Loans Received by
Taiwan Companies from Third Area Subsidiaries" (in triplicate, see
Attachments 1, 2) are correct. The amount of inward remittances of principal
of loans shall not be counted toward the company's accumulated settlement
amount of the current year.
(2) For the settlement of the repayment of principal and interest to be remitted
to Mainland China (or a third area): A company may present the third slip of
the aforementioned original "Declaration Form for Loans" issued by a banking
enterprise when purchasing foreign exchange for the repayment of principal
and interest.
Foreign exchange purchased for the repayment of principal and interest shall
not be counted toward a company's accumulated settlement amount of the
current year.
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8.Banking enterprises shall assist the declarant to truthfully fill out the
"declarant's ID number" on the Declaration Statement in accordance with the
following provisions:
(1) For a company, a firm or an association established in the R.O.C. pursuant
to the laws of the R.O.C. or recognized by and registered with the Government
of the R.O.C.:
i.A company or a firm:Write down Uniform No. provided by the competent
authorities.
ii.An association: Indicate the Uniform No. on an establishment certificate
issued by the competent authorities. If the establishment certificate
issued by the competent authorities does not bear a Uniform No., the
association shall indicate the name of the competent authorities approving
its registration and its registration certificate number. To facilitate
the settlement statistics according to the declarants through the year,
the association shall also indicate the withholding tax uniform number
assigned by the tax authorities.
(2) For an individual over 20 years of age who holds a citizen's ID Card, a
Taiwan Resident Certificate, or an Alien Resident Certificate with validity
of at least one year:
i.An individual with a citizen's ID Card:Write down the citizen's ID No.
ii.Holders of Taiwan Resident Certificates issued by the Entry and Exit
Service Bureau of the National Police Administration of the Ministry of
the Interior: Indicate Resident Certificate number (or uniform
identification number) and date of birth in the column of "ROC Citizen"
on the Declaration Statement. Holders of old certificates shall put down
the Resident Certificate number, for instance, "89-Chu-Tzu No. 12345678"
shall be put down as "8912345678" (10 digits) into the computer. If the
old certificate bears a uniform identification number, or if the person
holds a new certificate, the declarant shall indicate his or her uniform
identification number, for example AA12345678, then the numbers (10
digits) shall be input into the computer.
iii.Holders of Alien Resident Certificates issued by city/county police
bureau: Indicate the Alien Resident Certificate number (or uniform
identification number), the date of issuance, date of expiry, and date
of birth in the column of "Foreign Individual" on the Declaration
Statement. Holders of old Alien Resident Certificates shall indicate
the certificate number, for example " A123456", these digits shall be
put down prefixed by the appropriate area code: TP (Taipei City), TW
Taiwan Province) or KS (Kaohsiung City). But if the old certificate
bears a uniform identification number or the person holds a new
certificate, the declarant shall indicate his or her uniform
identification number, for example "AC12345678", then the numbers (10
digits) shall be input into the computer.
iv.Holders of Certificates of Overseas Chinese and documents certifying the
purchase of real estate in the territory of the ROC issued by the Overseas
Chinese Affairs Commission: Indicate the Certificate of Overseas Chinese
number in the column of ROC citizen on the Declaration Statement and affix
the certificate number in the document certifying the purchase of
real estate for the verification of future foreign exchange settlements.
Indicate the document number for example (91) Tai-Chiao-Cheng-Tzu No.
0911234567, then the numbers (10 digits) shall be input into the computer.
(3) For People from the Mainland China Area, residents of Hong Kong and Macau, or
non-resident natural persons who do not hold Taiwan Resident Certificates or
Alien Resident Certificates, or if the validity of certificate is less than
one year:
i.For people from the Mainland China Area holding a Taiwan Entry and Exit
Permit or a Taiwan Resident Certificate, and residents of Hong Kong or
Macau holding a Taiwan Entry and Exit Permit: Indicate the person's
uniformidentification number in the column, "Passport Number" under
"Foreign Individual" " Without Alien Resident Certificate" on the
Declaration Statement. If the declarant does not have a uniform
identification number, indicate the Permit number or Resident Certificate
number.
ii.Foreign passport holders: Indicate nationality and passport number in
the "Without Alien Resident Certificate" Subparagraph of the "Foreign
Individual" column on the Declaration Statement.
iii.Persons who hold ROC passports issued by the Ministry of Foreign Affairs
but do not have citizens' ID Cards: Indicate the passport number in
the "Without Alien Resident Certificate" Subparagraph of the "Foreign
Individual" column on the Declaration Statement; indicate the country
where passport was issued in the "Nationality" item and annotate the
passportissuing authorities.
iv.People of the Mainland Area holding Taiwan Travel Permits issued by the
Ministry of the Interior: Indicate travel permit number in the "Passport
number" space under "Without Resident Certificate" Subparagraph in
the "Foreign Individual" column on the Declaration Statement.
(4) For non-resident legal entities not lawfully established within the territory
of the R.O.C. or not recognized by the ROC government:
i.Non-resident legal entities: Shall authorize its representative or agent in
the R.O.C. to act as the declarant. In its Declaration Statement, the said
representative or agent shall write down his/her ID No. or certificate
number and clearly state particulars concerning the representation/agency.
ii.Foreign financial institutions: Shall authorize a local financial
institution to act as the declarant. In its Declaration Statement, the
said local financial institution shall write down the Uniform No. on the
establishment permit issued by the competent authorities and clearly state
the particulars concerning the representation/agency. However, a foreign
financial institution outside the territory of the R.O.C. may not sell
foreign exchange through inward remittances.
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9.Since the information put down in a Declaration Statement concerns the rights
and interests of a declarant, the banking enterprise shall not fill out a
Declaration Statement for a declarant, unless the declarant is illiterate. In
the event that the banking enterprise fills out a Declaration Statement for a
declarant, the declarant shall affix her/his seal or signature on the Declaration
Statement to take the responsibility.
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10.The banking enterprise shall assist a declarant to fill out the Declaration
Statement carefully and truthfully. In the event that the nature of the
settlement and the amount to be settled are inconsistent with the status or
occupation of the declarant or contrary to the judgment of common sense, the
banking enterprise shall assist the declarant to declare truthfully before
processing the settlement.
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11.In case a declarant uses a seal for a specific purpose on his Declaration
Statement, the purpose of the seal shall be one formaking settlements or
relevant to the settlements.
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12.The amount stated in a Declaration Statement may not be corrected.
If any other fact stated in the Declaration Statement is corrected, the
declarant shall affix his/her seal or signature next to the correction.
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13.The banking enterprises shall check whether a Declaration Statement is filled
out completely. Sections such as the nature of settlement, the origin
(destination) of the remittance, the Resident Certificate No., address and
telephone number, etc., shall be filled out. The nature of settlement shall be
provided accurately, and it may not be replaced by a code alternatively.
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14.For foreign exchange settlements where a customer first deposits inward
remittances from abroad or the OBU of a domestic bank into his/her foreign
currency deposit account and then withdraws the money, or remits the aforesaid
money in through another domestic bank or through the OBU of a domestic bank,
the banking enterprise shall take note of the following when assisting the
customer in filing the declaration:
(1) The nature of foreign exchange receipts or transactions shall be the same
as that of inward remittances from abroad or through the OBU of a domestic
bank.
(2) As for the "origin of remittances", put down "domestic" in the case of
withdrawal from foreign exchange deposit accounts or inward remittances
from another domestic bank; put down "OBU of domestic bank" in the case
of selling foreign exchange from inward remittances through the OBU of a
domestic bank.
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15.If a customer buys foreign exchange and deposits it into his foreign currency
deposit account or remits it to another domestic bank, and then remits the
money again abroad or to the OBU of a domestic bank, or the customer buys
foreign exchange and remits it to the OBU of a domestic bank directly, the
banking enterprise shall take note of the following when assisting the customer
in filing the declaration:
(1) The nature of the foreign exchange disbursement or transaction shall be the
same as that of the outward remittance abroad or to the OBU of a domestic
bank.
(2) As for the " destination of remittances", put down "domestic" in the case
of money deposited in a foreign currency deposit account temporarily or
remitted to another domestic bank; put down "OBU of domestic bank" in the
case of money remitted to the OBU of a domestic bank.
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16.When a banking enterprise accepts a declarant's application in person at the
banking enterprise for making declarations of foreign exchange settlements via
the Internet, the related terms and conditions between the banking enterprise
and the declarant shall include matters prescribed in Articles 10 and 11 of the
Regulations for Declaration.
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17.Banking enterprises shall design online control programs according to
declaration procedures which are applicable for making declarations in person
at the banking enterprise, provide online declaration instructions on the
website, and assist declarants in making declarations through the Internet.
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18.When a declarant completes a foreign exchange settlement declaration through
the Internet pursuant to Subparagraph 3, Paragraph 1, Article 4 of the
Regulations for Declaration, the banking enterprise shall use an online
real-time enquiry system of accumulated settlement amount of the current year
to check the declarant's aggregate settlement amount for that current year.
The banking enterprise, before processing the declaration, shall verify that
the above amount does not exceed Annual Aggregate Settlement Amount, and
maintain the enquiry records on the declaration medium retained by the banking
enterprise.
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19.Before processing a declarant's declaration of foreign exchange settlement via
the Internet prescribed in Article 5 of the Regulations for Declaration, the
banking enterprise shall verify the foreign exchange settlement documents faxed
by the declarant. To facilitate future examination, the banking enterprise shall
write down the amount and date of foreign exchange settlements, the Foreign
Exchange Memo number and affix its signature or seal on the relevant documents.
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20.Banking enterprises may not alterfy any of the declarant's declaration data it
preserves in electronic format.
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21.A banking enterprise shall first verify that a declarant's registration
certificate number indicated by a declarant according to the provisions of
Direction 8 of these Directions is the same as the corresponding number on the
declarant's identification document or primary registration data before
processing the declaration of foreign exchange settlement. The banking
enterprise shall also verify the particulars of mandate or delegate matters,
and confirm that the foreign exchange involved in the receipts, disbursements,
or transactions actually belongs to or is needed by the declarant before
processing the declaration. If the declarant is a company, the banking
enterprise shall verify a photocopy of the company's incorporation
registration list or of the latest registration list of the company, and shall
enquire the company's primary registration data through the Internet.
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22.A banking enterprise shall verify that information recorded on the Declaration
Statement is consistent with corresponding information on any contracts, letters
of approval, or other evidencing documents related to the foreign exchange
receipts, disbursements, or transactions before processing a declarant's foreign
exchange settlement declaration in accordance with Article 5 of the Regulations
for Declaration. Photocopies of the relevant evidencing documents shall be
preserved for future reference. The banking enterprise shall be attentive and
strive to prevent declarants from breaking up large settlements into smaller
ones to evade the regulation in which evidencing documents shall be submitted
to confirm transactions.
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23.Banking enterprises that engage in foreign exchange settlements needed for
direct investments and portfolio investments approved by the competent
authorities, shall comply with the provisions of attached Tables 1 through 8
concerning documents to be verified, and shall take note of the following:
(1) Investments by foreigners or overseas Chinese: Except that the investment
application requirement is waived pursuant to the " Statute for Investment
by Overseas Chinese" and the "Statute for Investment by Foreign Nationals",
the relevant approval documents issued by the competent authorities shall be
verified.
(2) Investments in third areas:
i.Making use of Annual Aggregate Settlement Amount: If the amount of any
single foreign exchange settlement exceeds the amounts specified in
Subparagraphs 1 and 2, Article 5 of the Regulations for Declaration, the
banking enterprise shall verify the concrete foreign investment plan or
relevant evidencing documents.
ii.Not counted toward the accumulated settlement amount of the current year:
(i) Outward remittances for investments: Verify approval documents of
foreign investments issued by the competent authorities.
(ii) Inward remittances of foreign exchange from transference, partial or
complete withdrawal of foreign investments:
Verify the approval documents of transference, partial or complete
withdrawal of foreign investments issued by the competent authorities
, or original Foreign Exchange Sale Memo.
(3) Investments in Mainland China Area:
i.Outward remittances for investments: Verify approval documents or
Certificate of Reporting Investment in Mainland China Area issued by the
Ministry of Economic Affairs regardless of the amount of remittance;
carefully inspect the relevant documents attached as stated in the
approval document.
ii.Inward remittances of foreign exchange from transference, partial or
complete withdrawal of investments:
(i) Making use of Annual Aggregate Settlement Amount: If the amount of
any single foreign exchange settlement exceeds the amounts specified
in Subparagraphs 1 and 2, Article 5 of the Regulations for
Declaration, the banking enterprise shall verify the relevant
evidencing documents.
(ii) Not counted toward the accumulated settlement amount of the current
year: Verify approval documents issued by the Ministry of Economic
Affairs or original Foreign Exchange Sale Memo.
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24.Banking enterprises that engage in foreign exchange settlements against the New
Taiwan dollar related to medium- and long-term external debts of private
enterprises, shall comply with the provisions of attached Table 9 concerning
documents to be verified.
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25.Banking enterprises engaging in outward remittances to Mainland China Area shall
comply with the provisions of attached Table 10 concerning documents to be
verified.
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26.Banking enterprises shall verify that the following documents are correct before
processing the foreign exchange settlement declarations made by a company or a
firm in its own name on behalf of another party with the prior approval of the
Bank:
(1) Foreign exchange settlements related to salaries made by employment service
enterprises on behalf of foreign workers: The private employment service
enterprise permit issued by the Council of Labor Affairs of the Executive
Yuan; the Declaration Statement completed by an employment service
enterprise; original copy of the document approving an employment service
enterprise to make foreign exchange settlement declarations on behalf of
foreign workers issued by the Bank; and settlement list of mandated outward
remittances of foreign employees' salaries in the R.O.C. or settlement list
of outward remittances by domestic employers of foreign employees' salaries
in the R.O.C..
(2) Foreign exchange settlements for buying and selling foreign securities or
conducting transactions in structured products linked to foreign financial
products by securities firms on behalf of their clients:
i.The Declaration Statement completed by a securities firm, power of
attorney for settlement issued by the principal or the customer, or a
settlement list of the principals or customers.
ii.When the contract entered into between the securities firm and the
principal or the customer explicitly states that the securities
firm is authorized to make foreign exchange settlements, the power of
attorney of settlement issued by such principal or customer may be
replaced by a statement which indicates that such securities firm has
been authorized to make foreign exchange settlements.
iii.Enquiring and counting toward the settlement amount the principal's or
the customer's accumulated settlement amount of the current year.
(3) Foreign exchange settlements made by an enterprise engaging in the business
of discretionary investment in foreign securities (including securities
investment consulting enterprises ("SICEs"), securities investment trust
enterprises ("SITEs") and trust enterprises) on behalf of a principal to
invest in foreign securities.
i.The Declaration Statement completed by an enterprise, power of attorney
for settlement issued by the principals, or a settlement list of the
principals.
ii.When the contract entered into between the enterprise and the principal
explicitly states that the enterprise is authorized to make foreign
exchange settlements, the power of attorney of settlement issued by such
principal may be replaced by a statement which indicates that such an
enterprise has been authorized to make foreign exchange settlements.
iii.Enquiring and counting toward the settlement amount the principal's
accumulated settlement amount of the current year.
(4) Foreign exchange settlements made by futures firms on behalf of a principal
to conduct overseas futures transactions:
i.The Declaration Statement completed by a futures firm, power of attorney
for settlement issued by the principal, or a settlement list of the
principals.
ii.When the contract entered into between the futures firm and the principal
explicitly states that the futures firm is authorized to make foreign
exchange settlements, the power of attorney of settlement issued by such
principal may be replaced by a statement which indicates that such
futures firm has been authorized to make foreign exchange settlements.
iii.Enquiring and counting toward the settlement amount the principal's
accumulated settlement amount of the current year.
iv.Where a futures firm, on behalf of a SITE, uses securities investment
trust funds, or a SICE/SITE/Trust Enterprise uses discretionary
investment assets to make foreign exchange settlements for overseas
futures transactions, such futures firm may fill out and submit the
Declaration Statement with the documents issued by the Securities and
Futures Commission of the Ministry of Finance approving the SITE to
raise funds, or with other evidentiary documents issued by the
Department agreeing an enterprise engaging in discretionary investment
business to make outward remittance of funds to invest in foreign
securities. The settled amount will not be counted toward such
principal's (SICE, SITE or Trust Enterprise) accumulated settlement
amount of the current year.
(5) Foreign exchange settlements made by a life insurance company on behalf of
a policy-holder to invest in foreign securities:
i.The Declaration Statement completed by a life insurance company, power of
attorney for settlement issued by the policyholder, or a settlement list
of policy-holders.
ii.When the contract entered into between the life insurance company and
the policy-holder explicitly states that the life insurance company is
authorized to make foreign exchange settlements, the power of attorney
of settlement issued by such policy-holder may be replaced by a statement
which indicates that such life insurance company has been authorized to
make foreign exchange settlements.
iii.Enquiring and counting toward the settlement amount the policy-holder's
accumulated settlement amount of the current year.
(6) Foreign exchange settlements made by credit card companies or card-issuing
banks on behalf of cardholders for cash advances and consumption expenditure
abroad using credit cards, debit cards, or ATM cards: the Declaration
Statement filled by credit card companies or card-issuing banks, and
documents issued by the Bank approving such companies or banks to make
foreign exchange settlement declaration on behalf of cardholders.
(7) Other foreign exchange settlements approved by the Bank: The documents
required in the circular letters of the Bank.
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27.To correct the content of the Declaration Statement, a declarant shall submit
the application along with the following documents to the Bank through the
original handling banking enterprise:
(1) Correction of declaration of foreign exchange settlements against the New
Taiwan dollar:
i.A declarant unintentionally making an untruthful declaration:
Submit an opinion letter issued by a lawyer, an accountant or a banking
enterprise indicating that the untruthful declaration was unintentional,
the relevant evidencing documents, the original Declaration Statement and
the Foreign Exchange Purchase (Sale) Memo (those who declared via the
Internet shall submit the Declaration Statement and the Foreign Exchange
Purchase (Sale) Memo printed by the banking enterprise), and the corrected
Declaration Statement and the Foreign Exchange Purchase (Sale) Memo. The
content of the opinion letter shall include the declarant's name, the
settlement date and amount, the content of the original declaration, the
correct content of the declaration, and the reason for making the
correction.
ii.A declarant intentionally making an untruthful declaration, and having
already been penalized pursuant to Paragraph 1, Article 20 of Foreign
Exchange Control Act: Submit the receipt of the fine paid, the corrected
Declaration Statement, the Foreign Exchange Purchase (Sale) Memo and the
relevant evidencing documents.
(2) Correction of the certificate of foreign exchange settlements for
export/import or other transaction certificates: Submit the original
certificates drawn by the banking enterprise (those who declared via the
Internet shall submit the certificates printed by the banking enterprise)
, the corrected certificates, and documents supporting the correction
within seven business days after the said certificate was drawn by the
banking enterprise.
(3) Correction of Foreign Exchange Purchase (Sale) Memo with amount less than
500,000 New Taiwan dollars: Submit the original Foreign Exchange Purchase
(Sale) Memo drawn by the banking enterprise (those who declared via the
Internet shall submit the memo printed by the banking enterprise), the
corrected Foreign Exchange Purchase (Sale) Memo, and documents supporting
the correction, within seven business days after the said Foreign Exchange
Purchase (Sale) Memo was drawn by the banking enterprise.
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28.When accepting a declarant's declaration of foreign exchange settlement in
person at the banking enterprise, at which time the relevant documents shall be
verified according to the attached tables of these Directions or the related
regulations stipulated by the Bank, the banking enterprise shall not only
request the declarant to present the relevant documents for verification, but
also indicate the date and amount of the settlement on the relevant documents,
and affix the banking enterprise's signature/seal before making duplicate
photocopies. One set of the photocopies shall be kept by the banking enterprise
for future reference; the other shall be sent to the Department together with
the Declaration Statement, the Foreign Exchange Purchase (Sale) Memo and the
daily transaction report.
The relevant documents do not need to be sent to the Department if the foreign
exchange settlement declaration has been made in accordance with the provisions
of Paragraphs 1 and 2, Article 5 of the Regulations for Declaration.
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29.When accepting a declarant's declaration of foreign exchange settlement via
Internet in which the relevant documents shall be verified according to the
attached tables of these Directions or the related regulations stipulated by
the Bank, the banking enterprise shall not only request the declarant to fax
the relevant documents for verification, but also indicate the date and amount
of the settlement and Foreign Exchange Memo number on the facsimile documents,
and affix the banking enterprise's signature/seal and keep the facsimile
documents, together with settlement declaration records, for future reference.
Besides, the banking enterprise shall make a copy of the facsimile documents,
and send the copy to the Department together with the data in the form of the
[electronic] medium and the daily transaction report. Relevant documents do not
need to be sent to the Department if the foreign exchange settlement
declaration has been made in accordance with the provisions of Paragraphs 1 and
2, Article 5 of the Regulations for Declaration.
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