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Q: A domestic enterprise rents its arcade shop premises to a tenant from China’s Taiwan，does it require to declare if the rent is paid in renminbi?

A: According to the declaration scope requirements in Article IV of the Detailed Implementing Rules for the Balance-of-Payments Statistical Declarations through Banks，“the renminbi receipts and payments between domestic resident and domestic non-resident individuals are required to declare the balance of payments in four types of foreign-related receipts and payments involving capital management，inspection on import and export trade in goods，payroll agency and  payer and payee  in the same legal-person bank. In this case，if the tenant comes from China’s Taiwan and the arcade shop handle their renminbi receipt and payment in the same legal-person bank，balance of payments declaration is required，if it is not conducted in the same legal-person bank，there is no need to declare for the time being.

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