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 Ireland to Sao Tome and Principe on weekends or holidays?
Yes, you can initiate a transfer from Ireland to Sao Tome and Principe anytime, including weekends and public holidays. However, depending on the service, delivery to Sao Tome and Principe may be delayed until the next business day, especially for bank transfers.
Are there limits on how much I can send from Ireland to Sao Tome and Principe?
Yes, most providers have limits on international transfers from Ireland to Sao Tome and Principe. These limits may depend on the provider, the amount, and your identification level. For example, larger transfers from Ireland to Sao Tome and Principe may require identity verification or proof of source of funds.
Do I need a bank account in Ireland to send money to Sao Tome and Principe?
Not necessarily. Many international services operating in Ireland offer cash transfers to Sao Tome and Principe, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from Ireland to Sao Tome and Principe, an account will be required.
