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Travelling from Saudi Arabia to Pakistan carrying money and Gold...

Tanvyazmi

I am a Pakistani National .I have heard that a person can carry maximum 60000 SAR without declaring it;  while travelling form Saudi Arabia to Pakistan.but my question is :
1.Do I have to pay tax on Pakistani airport if i am travelling from Saudi Arabia to Pakistan carrying 60000 SAR? or Will i have to declare it over there?
2.How much tax will i have to pay if I am carriying 130 gm gold ?in the form of jewelery (my wife will be wearing)?Do I have to pay tax on both Airports?

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live.ali

Firstly,
You should post this thread on a Pakistan forum.

To address your question, you will have to check the local laws in Pakistan on how much foreign currency can you take with you. There must a ceiling value in dollars, beyond which you need to declare to avoid being charged with money laundering.

Regards

Bhavna

Hello everyone,

This thread is now on the Pakistan forum.

All the best,
bhavna

alpha.one

Firstly, most countries require that any currency $10,000 or above in cash be declared at port of entry. However due to the unfortunate events these days even the ten thousand is not advisable. I would suggest to transfer though bank, as it would be hard to explain how you brought this amount, even if no one checks and you are able to take it (which is illegal) then you will have to explain to your local authorities, and a whole lot of paperwork etc.
Same with jewelry, it is not advisable due to security reasons to carry or wear such amount of gold while travelling.

Many countries have tax breaks for expats who bring funds from overseas as a form of encouraging legal transfer of funds.

riazcdki

We are still waiting to receive your flight details. When are you coming to Pakistan with lot of cash and gold? There are a lot of people waiting to serve you. :):(

Umar Warraich

Hello Bhavna

stumpy

@Umar Warraich

You have posted on an old thread and you are off topic.

Bhavna is a team member of the forum and will not be contacting you.

Wisal Muhammad Khan

I will be coming on vacation after 1year, how much gold jewellery I can bring to Pakistan legally