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.
Can I send money from Indonesia to a bank account in Bosnia and Herzegovina?
Yes, many international money transfer services allow you to send money from Indonesia directly to a bank account in Bosnia and Herzegovina. You will usually need the recipient’s full name, bank name, IBAN, and sometimes the SWIFT/BIC code for Bosnia and Herzegovina banks.
Will the recipient in Bosnia and Herzegovina need identification to receive money from Indonesia?
Yes. If you're sending money from Indonesia to Bosnia and Herzegovina for cash pickup, the recipient in Bosnia and Herzegovina must show a valid ID and sometimes the transaction number. This helps ensure that money sent from Indonesia is securely delivered in Bosnia and Herzegovina.
