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 cancel a money transfer from Russia to New Zealand after it's sent?
Yes, in most cases, you can cancel a money transfer from Russia to New Zealand if the funds haven't yet been received in New Zealand. To do so, contact the provider's support team in Russia or use their app/website. Keep in mind that some services may charge a cancellation fee for transfers between Russia and New Zealand.
What are the advantages and disadvantages of using a SWIFT bank transfer?
Advantages: Large amounts can be transferred securely.
Disadvantages: Longer processing time (several days), high fees from both sending and receiving banks.
Can I send money from Russia to a bank account in New Zealand?
Yes, many international money transfer services allow you to send money from Russia directly to a bank account in New Zealand. You will usually need the recipient’s full name, bank name, IBAN, and sometimes the SWIFT/BIC code for New Zealand banks.
