"Direct reporting subject": refers to the employees of private equity fund managers, especially those involved in investment decision (fund managers), research, trading, marketing, operation, compliance and risk control; Employees in other auxiliary positions can be the object of direct report or the object of investigation, which is determined by each private fund manager.
At present, the reporting entity mainly reports the balance of payments statistics through two channels.
First, direct declaration, that is, the applicant directly declares to the foreign exchange bureau;
The second is indirect declaration, that is, when handling business, the declaration information is indirectly transmitted to the foreign exchange bureau through relevant intermediaries. Relevant intermediaries include banks, insurance companies, securities and fund companies, securities registration and settlement, and fund custody institutions.
For domestic corporate institutions, the main body of the report is the corporate headquarters, and the report data covers the external financial assets, liabilities and transactions of the corporate headquarters and its domestic branches as a whole. Domestic branches of legal person institutions will no longer submit data directly to the foreign exchange bureau. The overseas branch of the applicant is a non-China resident. The transaction between the reporting unit and its overseas branches belongs to the balance of payments transaction, and the assets and liabilities of overseas branches belong to the external assets and liabilities of the institution.
For the main reporting branches (branches) of domestic and overseas legal person institutions, when taking the lead in reporting the business of domestic branches (branches), they shall report separately according to the financial institution identification codes of domestic branches (branches) in the way that domestic branches (branches) submit a set of foreign financial balance sheets, and the business of domestic branches (branches) shall not be merged into single institution data for reporting.
In addition to the above, the reporting entity also needs to distinguish between agency business and back-to-back business. The so-called agency business means that the reporting entity deals with the counterparty in the name of the customer (as an agent), so the customer of the institution, not the institution, is the counterparty of the foreign transaction. Tables B0 1, B02, C0 1 and D02 of this system allow reporting transactions with non-residents and external financial assets and liabilities, but reporting transactions with non-residents and financial assets and liabilities is not within the scope of this system. The so-called back-to-back business means that the reporting entity signs similar reverse contracts with resident customers and non-resident counterparties respectively, and the reporting entity transfers or hedges the corresponding exchange rate, interest rate and other risks through the contracts. Back-to-back business is essentially two contracts Among them, the contract signed by the reporting unit with non-residents in its own name is the reporting unit's own foreign business and needs to be reported directly.
Legal basis:
People's Republic of China (PRC) tax collection management law
Article 25 Taxpayers must truthfully file tax returns in accordance with the time limit and contents stipulated by laws and administrative regulations or determined by tax authorities in accordance with the provisions of laws and administrative regulations, and submit tax returns, financial and accounting statements and other tax payment materials required by tax authorities according to actual needs.
Withholding agents must truthfully submit the tax withholding and collection report form and other relevant materials required by the tax authorities according to the actual needs in accordance with the time limit and contents of the declaration stipulated by laws and administrative regulations or determined by the tax authorities.
Article 26 Taxpayers and withholding agents may go directly to the tax authorities to file tax returns or submit tax withholding and remitting reports, or they may file the above-mentioned declarations and submissions by mail, data messages and other means as required.
Article 27 If a taxpayer or withholding agent fails to file a tax return or submit a tax withholding and collecting report on time, it may postpone the processing with the approval of the tax authorities.
According to Article 2 of the Statistical System of Foreign Financial Assets, Liabilities and Transactions, we can know that. The reporting entities of this system are domestic financial institutions, major reporting branches of overseas financial institutions in China, domestic registration and settlement institutions or fund monitoring institutions, bank card organizations, domestic non-financial enterprises listed overseas, designated reporting entities (including individuals and institutions) holding overseas equity, and other designated reporting entities such as domestic key non-financial enterprises. Financial institutions include domestic legal persons and unincorporated units whose main business is the financial business listed in the Code Table of Financial Industry attached to this system.