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 Madagascar to Vietnam on weekends or holidays?
Yes, you can initiate a transfer from Madagascar to Vietnam anytime, including weekends and public holidays. However, depending on the service, delivery to Vietnam may be delayed until the next business day, especially for bank transfers.
Are there limits on how much I can send from Madagascar to Vietnam?
Yes, most providers have limits on international transfers from Madagascar to Vietnam. These limits may depend on the provider, the amount, and your identification level. For example, larger transfers from Madagascar to Vietnam may require identity verification or proof of source of funds.
When sending money from Madagascar to Vietnam, you can typically pay using a bank card issued in Madagascar, a bank account transfer, or cash at a local agent location. The available payment methods may vary depending on the service you choose to transfer money to Vietnam.
Yes, many international money transfer services allow you to send money from Madagascar directly to a bank account in Vietnam. You will usually need the recipient’s full name, bank name, IBAN, and sometimes the SWIFT/BIC code for Vietnam banks.
