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TonyTax
TonyTax, Tax Consultant
Category: Tax
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Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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Who pays the tax on international money transfers. The sender

Resolved Question:

Who pays the tax on international money transfers. The sender or receiver. in this case from Mexico to the uk.
Submitted: 2 years ago.
Category: Tax
Expert:  TonyTax replied 2 years ago.
Hi.

As far as I'm aware, there is no tax on international money transfers, only the fees banks and companies like Western Union charge. Fees are usually paid by the sender but it can work the other way. If you are being asked to pay "taxes" before a sum of money is sent to you, I would venture to suggest that it is a scam to defraud you. Ask yourself if you were expecting to receive money from Mexico and whether you know the person who has contacted you.

I hope this helps but let me know if you have any further questions.
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