Where the financial institution withholds tax, the Customs shall formulate and issue the Withholding tax Notification of the Customs of the People's Republic of China to the taxpayer or the guarantor.

金融机构扣缴税款的，海关应当向纳税义务人、担保人制发《中华人民共和国海关扣缴税款告知书》。

youdao

No deposit to your parents, but as a guarantor of you is to submit the tax.

对你父母无存款要求，但作为担保人的你是要提交税单的。

youdao

A guarantee statement shall only be deemed to be valid after the taxpayer, tax payment guarantor and taxation authority have signed it and affixed their seals.

担保书须经纳税人、税担保人和税务机关签字盖章后方为有效。

youdao

In this case, the repayment of the loan principal by the guarantor will give rise to gift tax liability on the part of that individual.

FORBES: Nothing is for Free, Especially Not Life Insurance