If I withdraw funds by payoneer card, will it be free from Tax ? And what is the withdrawal limit?

sleeakter
sleeakter Member Posts: 2
edited January 2018 in Payoneer in Bangladesh
I am a freelancer and I get paid from various people around the world. I want to know some answers, please help me.

1. Whatever I have in my payoneer account, If I withdraw them through bank/card, will it be considered as taxable income?

2. What is the highest amount I can withdraw in a single working day in Bangladesh ?

Comments

  • Ericpervaiz
    Ericpervaiz Member Posts: 1
    how to apply payoneer card
  • [Deleted User]
    [Deleted User] Posts: 176

    Hello, @sleeakter

    1. You need to check this with your country's tax authorities, as Payoneer does not report to tax authorities and does not interfere in this process in any way.

    Sometimes the partner company the account holder is receiving from is asking him to fill tax forms. In such cases, this request will be forwarded to you via email.

    1. The maximum limit for Bangladesh is $ 4,500 (or USD equivalent) per transfer.

    Please let us know in case if you will have additional questions

  • [Deleted User]
    [Deleted User] Posts: 176
    edited February 2019

    Hi there, @Ericpervaiz and thank you for your interest in Payoneer Prepaid MasterCard.

    Could you please specify if you already have an account with us and are looking to order a card associated with it or you are looking to apply for Payoneer account?