Limits on international money transfer

5 posts in this topic

I'm looking to transfer a lump sum from Oz to Germany through a broker (ozforex, unless someone has a better recommendation!) but vaguely remember that there is a limit to which the Bundesbank is supposed to know about, I think it's 12,500€.

If looking to transfer say 15000€ to Germany, is there a form I'm supposed to download/fill-out/submit somewhere to let the Bundesbank know of my money coming into the country?

 

Do they cross-check this money to make sure I've been paying tax on it in Oz?

0

Share this post


Link to post
Share on other sites

 

If looking to transfer say 15000€ to Germany, is there a form I'm supposed to download/fill-out/submit somewhere to let the Bundesbank know of my money coming into the country?

 

After the money has arrived in your German bank account, just fill in the form Anlage Z4 with:

Übertragung eigenes Vermögen / 850 / Australien / amount_you_received_in_k€, i.e. 15 for 15,000€ / 0

 

Do not write within the thick lines, those spaces are for the Bundesbank to fill in.

 

This is a pure formality so that the Bundesbank knows as what to register the amount in their own statistics.

 

You are supposed to submit only first page of the form by snail mail until the 7th day of the month following the one that you got the money, i.e. if you get it on Jnauary 3rd, you have until February 7th.

The postal address where to send it is on the form.

 

 

Do they cross-check this money to make sure I've been paying tax on it in Oz?

 

No.

4

Share this post


Link to post
Share on other sites
On 12/6/2012, 10:11:48, PandaMunich said:

 

After the money has arrived in your German bank account, just fill in the form Anlage Z4 with:

Übertragung eigenes Vermögen / 850 / Australien / amount_you_received_in_k€, i.e. 15 for 15,000€ / 0

 

Do not write within the thick lines, those spaces are for the Bundesbank to fill in.

 

This is a pure formality so that the Bundesbank knows as what to register the amount in their own statistics.

 

You are supposed to submit only first page of the form by snail mail until the 7th day of the month following the one that you got the money, i.e. if you get it on Jnauary 3rd, you have until February 7th.

The postal address where to send it is on the form.

 

 

No.

 

Is that still the case?

0

Share this post


Link to post
Share on other sites
On 12/6/2012, 9:45:47, barry2104 said:

 

Do they cross-check this money to make sure I've been paying tax on it in Oz?

 

actually it was this bit that interested me. Money is coming from England to De, house sale and inheritance

0

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now