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.
Is it safe to send money from Korea to Romania through online services?
Yes, it is generally safe to send money online from Korea to Romania using trusted international platforms. Look for services with encryption, customer support, and regulatory licenses in both Korea and Romania to ensure your transfer is secure.
Are there limits on how much I can send from Korea to Romania?
Yes, most providers have limits on international transfers from Korea to Romania. These limits may depend on the provider, the amount, and your identification level. For example, larger transfers from Korea to Romania may require identity verification or proof of source of funds.
Can I send money from Korea to a bank account in Romania?
Yes, many international money transfer services allow you to send money from Korea directly to a bank account in Romania. You will usually need the recipient’s full name, bank name, IBAN, and sometimes the SWIFT/BIC code for Romania banks.
