A receiving circuit includes: a first receiving terminal for receiving a RF signal; a second receiving terminal for receiving an external oscillating signal generated by an external oscillator; a low-noise amplifier coupled with the first receiving terminal and the second receiving terminal and utilized for generating an output signal; a first switch element positioned between the second receiving terminal and the low-noise amplifier; an in-phase signal processing circuit for generating an in-phase detection signal based on the output signal; an quadrature signal processing circuit for generating an quadrature detection signal based on the output signal; and a calibration circuit for controlling the first switch element and capable of performing an I/Q mismatch calibration operation according to the in-phase detection signal and the quadrature detection signal when the first switch element is turned on.