New 10% tax for money transfers? NOT TRUE!

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  • April 23, 2007 at 12:00 am #182917
    kimyoa650
    Member

    How true is it that new money transfer for expats will now be subjected to an immediate 10% tax unless you prove this is not income?

    I read this from a website that I forgot to bookmark. Thanks.

    April 23, 2007 at 9:45 am #182918
    jmhardy
    Member

    Definitely not true on wire transfers…I just did one last week — US to a Costa Rica bank…no taxes withheld.

    April 23, 2007 at 10:37 am #182919
    Andrew
    Keymaster

    This is NOT true.

    Some of my investment clients get wire transfers dozens of times per week and nothing is withheld apart from the standard wiring fees

    Scott Oliver – Founder
    WeLoveCostaRica.com

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