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Expat Community > Philippines

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Transferring money to Philippine bank

12 years ago
I just read a post that the IRS has changed their laws and will tax anything over 10k in foreighn bank. Does anyone else know about this fact. I am getting ready to withdraw from my retirement fund-- first time- and transfer to Phil Bank for balloon payment I will have over 10k in the bank for a short while. Please let me know I need to get this done before 1-30-13 when final due date-- Thanks

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