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 transfer money in another currency?
Yes, most services allow you to transfer money in various currencies.
The exchange rate will be set by the service at the time of the transfer.
Are there limits on how much I can send from Panama to Kyrgyzstan?
Yes, most providers have limits on international transfers from Panama to Kyrgyzstan. These limits may depend on the provider, the amount, and your identification level. For example, larger transfers from Panama to Kyrgyzstan may require identity verification or proof of source of funds.
Can I cancel a money transfer from Panama to Kyrgyzstan after it's sent?
Yes, in most cases, you can cancel a money transfer from Panama to Kyrgyzstan if the funds haven't yet been received in Kyrgyzstan. To do so, contact the provider's support team in Panama or use their app/website. Keep in mind that some services may charge a cancellation fee for transfers between Panama and Kyrgyzstan.
