30.09.2023 all Bank Accounts visible

[DerAufklaerer]

FINANZAMT sieht am 30.09.2023 ALLE Konten weltweit! | Steuerberater Roland Elias​

You can translate youtube video in english

 

[bigdaddyleon]

its the normal reporting like every year, what should be different this year?

 

[apres777]

basically he's just talking about CRS. Something probably 90% of the members here already know (If you are effected by that in any way), so no big surprise there. Maybe for your average "John Doe" out there on YouTube this is new.

https://www.oecd.org/tax/automatic-exchange/common-reporting-standard/
https://www.bzst.de/DE/Privatperson...eportingStandard/commonreportingstandard.html

 

[DerAufklaerer]

ok its not with EMI (like Wise)

 

[bigdaddyleon]

ok its not with EMI (like Wise)

wouldn't bet on it, sooner or later you'll find out for yourself whether or not.

 

[myhand]

No Surprise. If you setup your EMI with full nominees you don't won't to worry about this crap.

 

[OffshorePirate]

Is the reference date for reporting the same for all entities/countries ?

And is the balance of 31/DEC/2022 or any other ?

 

[Don]

No Surprise. If you setup your EMI with full nominees you don't won't to worry about this crap.

If you fail to declare yourself as the UBO, you are breaching the AML regulations, which can result in fines and other penalties.

 

[oldtimer2]

WISE accounts now show total account values in Georgian lari for companies and persons resident in Georgia, even though you cannot hold lari in a WISE account. Clearly this suggests they are getting ready to report account balances at least (sooner or later) to the identified country of residency in that countries currency.

 

[lacomaco]

No Surprise. If you setup your EMI with full nominees you don't won't to worry about this crap.

Is this what you advise to people? Highly dangerous for them… Furthermore you mention setting up an EMI - OP probably never thought of setting up a full EMI