Does anyone here know what type of taxes to look out for to be imposed on Foreign Huge transfers from one country to another?
2007-11-23 03:19:46 · 3 answers · asked by Martin B 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
Depends upon the countries involved. Some countries have controls and restrictions on the import and export of currency and some do not. Many countries do require you to declare transfers of currency exceeding a certain value.
So basically you need to know the laws in the countries that you're transferring funds between. Lacking that knowledge, get attorneys on both ends to advise you.
2007-11-23 04:39:34 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
If someone gave you an offer of a job in which you will transfer funds between countries in return for a percentage and you have no experience in this field and have never met the person, it is a scam. You will have to return any funds that they transfer to you (which are stolen, not their funds) and will not recover any funds that you transfer overseas.
2007-11-24 18:45:40 · answer #2 · answered by StephenWeinstein 7 · 0⤊ 0⤋
Now that would depend on the countries involved, would it not?
2007-11-23 11:54:09 · answer #3 · answered by ? 6 · 0⤊ 1⤋