Is RMB Settlement Allowed for Export Declaration in 2026?

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  • Aug 6, 2026 at 22:13
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I am the head of a mechanical and electrical products export enterprise. Recently, our European client proposed to settle in RMB to avoid the risk of Euro exchange rate fluctuation.

We have always used USD for customs declaration before, and we worry that switching to RMB will affect customs clearance speed, or whether export tax refund can be processed normally. We heard that RMB declaration needs to be operated through CIPS system, we have not opened the relevant account yet, is the process complicated?

Will customs' doubt on RMB quoted price during price verification lead to cargo detention at the port? We have a batch of goods to ship next month, and the client is urging to confirm the settlement method. We need to solve these problems urgently and hope to get a detailed answer.

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Expert Q&A

Jason Wu
Jason WuYears of service：10Customer Rating：5.0

International Logistics & Supply Chain ManagerStart a Chat

General Administration of Customs of China has fully supported RMB as the currency for export declaration in 2026，so enterprises do not need to worry about policy compliance issues. The core difference between RMB declaration and foreign currency declaration lies in currency selection，but the essential logic of the customs clearance process is consistent，so no excessive anxiety is needed.

Enterprises need to grasp three key operation points: First，the "Currency" column on the declaration form must be filled with "RMB"，and the declared amount must be fully consistent with the foreign exchange collection amount in CIPS system，which is the basis for tax refund declaration，Second，you need to provide authentic RMB-denominated contracts，invoices and payment vouchers during customs price verification，to avoid cargo detention caused by doubt on the rationality of the quoted price，Third，the process of opening a CIPS account is simplified，and filing can be completed within 3 working days after submitting documents through your account opening bank.

Regarding export tax refund，you can declare normally as long as you meet the requirement of "consistency of four flows" (contract，declaration form，foreign exchange collection and invoice are all RMB-denominated). Special attention should be paid that，the corresponding declaration number must be marked on the RMB foreign exchange collection voucher to facilitate tax verification. In addition，RMB settlement can directly reduce exchange rate loss，and the advantage is obvious especially under the current unstable international financial market.

If you encounter a price verification dispute，you can provide recent RMB transaction records of similar products as supporting evidence，or entrust a proxy company to assist in communication，and the issue can be resolved within 2-3 working days. Generally speaking，RMB declaration is a direction encouraged by policies，and it can bring tangible convenience and cost saving under compliant operation.

Reference: Export Collection Methods & Risk Management Guide
Grace Wang
Grace WangYears of service：10Customer Rating：5.0

Senior Foreign Trade ConsultantStart a Chat

From the perspective of customs price verification, RMB declaration requires you to ensure the authenticity of the price. Submit the original RMB-denominated trade contract and CIPS receipt, if there is any doubt, you can apply for "price pre-ruling" in advance to avoid cargo detention.

The commodity code and quantity on the declaration form must fully match those on the RMB invoice, to prevent declaration deletion and re-declaration.

Eric Zhou
Eric ZhouYears of service：6Customer Rating：5.0

Senior Manager of Foreign Exchange & Tax RebatesStart a Chat

RMB declaration has no direct impact on logistics routes, but the currency on the bill of lading must be consistent with that on the declaration form. You need to ask the transfer port agent to confirm RMB compatibility, as niche ports may have adaptation problems, so advance communication is recommended.

When paying container detention fees and other charges in RMB, you need to confirm that the logistics provider supports RMB payment, to avoid extra costs caused by payment delay.

Evelyn Li
Evelyn LiYears of service：3Customer Rating：5.0

Cross-border Compliance SupervisorStart a Chat

RMB declaration for tax refund requires consistent document verification: the amount and currency of the VAT invoice match the declaration form, and foreign exchange is collected via cross-border RMB.

VAT deferral declaration needs to note RMB settlement, and tax authorities conduct cross-verification through CIPS data. RMB settlement simplifies tax planning, and no foreign currency conversion adjustment is required.

Michael Zhang
Michael ZhangYears of service：6Customer Rating：5.0

Customs Declaration & Compliance ExpertStart a Chat

Cross-border RMB receipt and payment must be processed through CIPS system with a normal account status.

Add the "RMB TRADE SETTLEMENT" mark to SWIFT messages for foreign exchange collection, and provide a deduction certificate if there is any amount discrepancy. Offshore RMB backflow must comply with foreign exchange regulations and cannot be used for non-trade purposes.

Victor Sun
Victor SunYears of service：5Customer Rating：5.0

Trade Risk Control ManagerStart a Chat

Trade contracts must clearly specify RMB settlement clauses: payment term, exchange rate responsibility division, and declaration currency.

If the client requires RMB settlement but you declare in foreign currency, you need to alert compliance risks, which may lead to inconsistent four flows and affect tax refund. The currency of the letter of credit must be RMB and contain the clause "allow RMB declaration".

Linda Gao
Linda GaoYears of service：7Customer Rating：5.0

Documentation SupervisorStart a Chat

For RMB declaration tax refund, authorities focus on verifying document filing: you need to retain RMB contracts, CIPS vouchers and copies of declaration forms for more than 5 years.

For tax correspondence investigation, you need to provide detailed RMB flow records to prove the authenticity of capital. If tax refund is delayed, you can submit supporting materials of RMB settlement to speed up the review.

Kevin Lin
Kevin LinYears of service：4Customer Rating：5.0

Trade Solutions ManagerStart a Chat

RMB declaration optimizes supply chain costs: negotiate RMB-denominated procurement with suppliers to realize a full-link closed loop and reduce exchange rate hedging costs.

Expand the customer group of RMB settlement under the Belt and Road initiative to improve supply chain stability. Conduct pilot in mature markets first, then gradually expand to niche markets.

Note: We respect all users' expressions; however, user comments represent their personal views only.

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