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.
Can I send money from Bhutan to a bank account in New Zealand?
Yes, many international money transfer services allow you to send money from Bhutan directly to a bank account in New Zealand. You will usually need the recipient’s full name, bank name, IBAN, and sometimes the SWIFT/BIC code for New Zealand banks.
Will the recipient in New Zealand need identification to receive money from Bhutan?
Yes. If you're sending money from Bhutan to New Zealand for cash pickup, the recipient in New Zealand must show a valid ID and sometimes the transaction number. This helps ensure that money sent from Bhutan is securely delivered in New Zealand.
How much is the commission for your service?
We do not charge any commission from the users of our system.
