What fees does Wise (TransferWise) charge for transferring money to Indonesia?
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.
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 Indonesia need identification to receive money from Myanmar?
Yes. If you're sending money from Myanmar to Indonesia for cash pickup, the recipient in Indonesia must show a valid ID and sometimes the transaction number. This helps ensure that money sent from Myanmar is securely delivered in Indonesia.
Are there limits on how much I can send from Myanmar to Indonesia?
Yes, most providers have limits on international transfers from Myanmar to Indonesia. These limits may depend on the provider, the amount, and your identification level. For example, larger transfers from Myanmar to Indonesia may require identity verification or proof of source of funds.
