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.
Will the recipient in Poland need identification to receive money from Kuwait?
Yes. If you're sending money from Kuwait to Poland for cash pickup, the recipient in Poland must show a valid ID and sometimes the transaction number. This helps ensure that money sent from Kuwait is securely delivered in Poland.
Do I need a bank account in Kuwait to send money to Poland?
Not necessarily. Many international services operating in Kuwait offer cash transfers to Poland, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from Kuwait to Poland, an account will be required.
What fees does Wise (TransferWise) charge for transferring money to Poland?
Wise's fees depend on the transfer amount and chosen payment method. You can calculate the exact cost of your transfer on their website before making a transaction.
