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.
Do I need a bank account in The Congo to send money to India?
Not necessarily. Many international services operating in The Congo offer cash transfers to India, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from The Congo to India, an account will be required.
Can I send money from The Congo to a bank account in India?
Yes, many international money transfer services allow you to send money from The Congo directly to a bank account in India. You will usually need the recipient’s full name, bank name, IBAN, and sometimes the SWIFT/BIC code for India banks.
Will the recipient in India need identification to receive money from The Congo?
Yes. If you're sending money from The Congo to India for cash pickup, the recipient in India must show a valid ID and sometimes the transaction number. This helps ensure that money sent from The Congo is securely delivered in India.
