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.
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.
Can I send money from Sao Tome and Principe to a bank account in Indonesia?
Yes, many international money transfer services allow you to send money from Sao Tome and Principe directly to a bank account in Indonesia. You will usually need the recipient’s full name, bank name, IBAN, and sometimes the SWIFT/BIC code for Indonesia banks.
Do I need a bank account in Sao Tome and Principe to send money to Indonesia?
Not necessarily. Many international services operating in Sao Tome and Principe offer cash transfers to Indonesia, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from Sao Tome and Principe to Indonesia, an account will be required.
