August 28, 201412 yr Can I do a bank to bank transfer of funds in excess of 100,000 usd from Thailand to US? As an example Bangkok bank to BOA?
September 25, 201411 yr Why not? If the transfer is from your company account, all you need is the invoice from the company you pay to. If the transfer is from your private account, it should be to your private account over there. And it cannot exceed your declared personal income, which makes sense. This is for the prevention of money laundering. For an amount exceeding US$ 20,000, you will also need to fill in a TT1 form, but your bank will guide you. It is a formality.
October 21, 201411 yr US$ 100,000 is a nice sales commission. Show the bank a copy of your contract and the Withholding Tax confirmation, I would think it qualifies as income that you can remit to your home country. I am not sure though. Keep us informed what the bank said. The whole idea is to prevent money laundering and to ensure that the foreigner has paid the income taxes.
October 21, 201411 yr US$ 100,000 is a nice sales commission. Show the bank a copy of your contract and the Withholding Tax confirmation, I would think it qualifies as income that you can remit to your home country. I am not sure though. Keep us informed what the bank said. The whole idea is to prevent money laundering and to ensure that the foreigner has paid the income taxes. the OP did not mention anything about commission. he might have sold his home and wants to repatriate the funds.
October 21, 201411 yr If he has a sales contract for the house, the same logic applies as he has proof of source of funds. However, I wonder how he can have owned the house in the first place.
October 21, 201411 yr That complicates things. I suggest you talk to your bank. Please also let us know who it works out.
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