crs

Hello guys, Regarding non crs banks for offshores (BVI, Belize, Seychelles,..) as I know we have only available to be open on remote: Puerto Rico (EPB Bank), Georgoria, Serbia and Montenegro? Do we have any other solution that is possible to open it on remote and which I did not mention? As...

I have an N26 bank business account, and this morning I've received an e-mail that they've requested for my tax ID. Since Covid, I've started an online business which I haven't been legally registered for. What will happen next? If I don't file in the tax ID, is it going to be alarming? If I...

Is there a country left that does not comply to the FATCA reporting? I tried to search a little but can't find anything evidence that this or that country does not report!

Hi Guys, I’m looking for a bank account in a non CRS region. I’ve been banking with Europac and they are a nightmare. Won’t let us do anything with our money without a billion explanations and even then our requests are rejected. I like the idea of banking in Puerto Rico because of the...

As I understand, the CRS is the system that report all my activity about money-transfer and such to my country, and I am trying to avoid this. Any tips for a bank account I can use that do not report under CRS?

If I buy gold bullion online from Germany and have it shipped to my home country (another EU country), will my home country's tax agency receive any CRS information about the purchase? Bullion bought online, paid by bank transfer from bank outside of home country.

Hello, I am living and working as a sole proprietor in an EU country. While taxes are generally sky-high, we have a handy tax scheme, where you pay roughly $160 a month, and you can have tax free income of up to $39,000. You have to pay 40% of tax on any amount exceeding the limit. This is...

Hello guys, I have set up an offshore company not long ago in Hong Kong and i have both a business and a personal account using Neat. Just recently i got aware that Hong Kong has joined OECD group of countries and CRS compliance is a requirement. My question is if Neat is required to comply...

I have compiled the below small list for all of you to get a quick overview of what countries don't participate in the CRS (The Common Reporting Standard) which is an information standard for the Automatic Exchange of Information (AEOI) regarding bank accounts on global level, between the tax...

hello everyone! I am so happy to find this community where I can learn more about the OECD CRS reporting. I am from Asia and sell on ETSY online site (an Ireland-based company where CRS applies). I would like to know if there is any risk of being reported under CRS by selling on ETSY. ETSY is...

Is there a way to show to the banks I'm resident to a country (I want to show I'm resident in Philippines, residency than I'm getting in real in a few months, but they asked me for a declaration of residency now, and probably a TIN)

Hello, i see that Kraken, for EUR users, use Germany bank Fidor. When i sell my crypto, and FIAT are on my account, are stored in that bank account. At this point i'm under CRS? Im considering to switch my personal account to offshore account, before sell my crypto.

I have a personal Skrill account and I'm planning to use it for commercial payments soon. I wanted to confirm Skrill/Paysafe policy on CRS before, so I contacted the customer service and they offered me a disturbingly vague response. According to them Skrill 'is not compelled to follow any CRS...

Hello, I'm new here, trying to learn new stuff, and hopefully getting some help from some of the forum experts. Thanks in advance for taking the time to reading this post. I'm an online consultant with tax residence in EU, and income coming from EU and the US. The income coming from EU is sent...

Hi guys, My business partner and I (Bahrain resident) are planning to incorporate a BVI company and BVI corporate bank account. My business partner being an Australian citizen is concerned how the AEOI CRS policies will affect his Australian tax liability status. As far as I know BVI does not...

This is my first year as a tax resident in a low tax country, I'll cash out some profits from crypto next year (I'm avoiding cashing out the first year on purpose), and I was thinking of adding an extra layer of "protection" against my home country coming after me (I paid all my taxes before...

Will you report my transfers to the tax authorities? TransferWise Limited is a UK company authorised by the Financial Conduct Authority as an Electronic Money Institution. We are still evaluating the impact of the Common Reporting Standards, including FATCA, to our business and how we will...

Some Bitfinex clients have received the following email: What are your thoughts on this? I am really disappointed by this email, and a lot of customers are going to stop using Bitfinex because of this.

Anyone please can answer whether some of these online companies (Paypal, Skrill, Neteller) report the balance according to AEOI as of now, or not ? If not, when will they start doing so pls ?

According to CRS does Revolut EMI report the annual turnover or just the person end of year balance to respective authorities?