Bank wire transfers

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krapulassa
Posts: 72
Joined: Thu Sep 03, 2020 8:23 pm

Bank wire transfers

Post by krapulassa » Fri Feb 26, 2021 3:24 pm

I am buying a car and need to do a bank wire transfer from an account in UAE to Finland in the amount of 22,000 euro. Is this a significant amount of money to raise any alarms with the tax office?



Bank wire transfers

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FinlandGirl
Posts: 661
Joined: Sat Nov 09, 2019 10:43 am

Re: Bank wire transfers

Post by FinlandGirl » Fri Feb 26, 2021 3:53 pm

krapulassa wrote:
Fri Feb 26, 2021 3:24 pm
I am buying a car and need to do a bank wire transfer from an account in UAE to Finland in the amount of 22,000 euro. Is this a significant amount of money to raise any alarms with the tax office?
Your Finnish bank might ask you to provide proof of the origin of the money before they are allowed to credit it to your account.

heretostay
Posts: 467
Joined: Sat Apr 08, 2017 12:54 pm

Re: Bank wire transfers

Post by heretostay » Fri Feb 26, 2021 4:38 pm

They will most definitely ask for proof of the source of the funds. It will most likely come afterwards (perhaps soon or also could be many months later) and you have something like 7 days to provide documentation. The amount is definitely over the threshold for them to ask. I personally have had amounts much smaller than that questioned.


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