Threshold For Inward Fund Transfers Without Incurring The 30% Witholding Penalty

[mokwit]

I know this has been covered because I saw posts but just can't find where (including also BoT website).

What is the threshold for inward fund transfers without incurring the 30% witholding penalty. I remember it as $10,000 but would like to be sure before I transfer. Also if I were to make e.g 1 transfer of $5000 and 1 of $6000 would I avoid or incur the penalty on the total that exceed $10,000 if it was sent in two lots on different days?

Thanks in advance.

[naka]

20,000 US or equivalent.

Naka.

[bendix]

And, for the hundredth time, if its for a normal transfer or for pretty much anything other than buying high end financial instruments, you can send as much as you like, PROVIDING you tell the bank in advance what it's for.

[Naam]

And, for the hundredth time...

probably much more often!