How to calculate taxes on foreign payments?
If for some reason the bank's rate on that day was higher than the Central Bank's rate (the rarest
case), the "service" received is also taxed. It is easier to follow this point than to deal with
additional calculations.
Are there limits on how much I can transfer?
Yes, each service has its own limits on the transfer amount.
You can find information about the limits on the service's website or app.
Do I need a bank account in Antigua and Barbuda to send money to Spain?
Not necessarily. Many international services operating in Antigua and Barbuda offer cash transfers to Spain, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from Antigua and Barbuda to Spain, an account will be required.
Can I send money from Antigua and Barbuda to Spain on weekends or holidays?
Yes, you can initiate a transfer from Antigua and Barbuda to Spain anytime, including weekends and public holidays. However, depending on the service, delivery to Spain may be delayed until the next business day, especially for bank transfers.
