From non-crs to crs transfer

[Delta]

Hi,

Wonder, if I make small transfer from my non-crs account to my crs account, if that will lead to possible problems? Can tax authorites actually ask for my data and are they forced to reveal them as tax autorities potentialy can find out about it from crs acc?
Anybody knows a service that helps with opening non-crs bank accounts or currentl list of non-crs countries?
I ve found cuba, nicaraqua, comoros, tanzania so far. Hopefully Russia will join them soon

Regarding crs, which is reported in 31st december, do they reveal information from who was money sent or just cumulative value of transactions, total balance? Cant find anywhere in details what info crs banks sent.

Regards,
Delta

 

[Piano]

Hi,

Wonder, if I make small transfer from my non-crs account to my crs account, if that will lead to possible problems? Can tax authorites actually ask for my data and are they forced to reveal them as tax autorities potentialy can find out about it from crs acc?
Anybody knows a service that helps with opening non-crs bank accounts or currentl list of non-crs countries?
I ve found cuba, nicaraqua, comoros, tanzania so far. Hopefully Russia will join them soon

Regarding crs, which is reported in 31st december, do they reveal information from who was money sent or just cumulative value of transactions, total balance? Cant find anywhere in details what info crs banks sent.

Regards,
Delta

ever heard of google ?
https://auresnotes.com/non-crs-countries/

 

[Forester]

ever heard of google ?
https://auresnotes.com/non-crs-countries/

This list is not completely correct but at the OECD webpage it is possible to find accurate information...

if I make small transfer from my non-crs account to my crs account, if that will lead to possible problems? Can tax authorites actually ask for my data and are they forced to reveal them as tax autorities potentialy can find out about it from crs acc?

There is not only Automatic Exchange of Information (AEOI) based on CRS but also Exchange of Information on Demand – that almost any country participates in. So the answer to your question is yes.

 

[Delta]

ever heard of google ?
https://auresnotes.com/non-crs-countries/

I ve found CRS countries that I could rely on but not non-CRS list.
Obviously I was googling before asking anything.
Thanks for answer.

 

[Amandograde]

Hi,

Wonder, if I make small transfer from my non-crs account to my crs account, if that will lead to possible problems? Can tax authorites actually ask for my data and are they forced to reveal them as tax autorities potentialy can find out about it from crs acc?
Anybody knows a service that helps with opening non-crs bank accounts or currentl list of non-crs countries?
I ve found cuba, nicaraqua, comoros, tanzania so far. Hopefully Russia will join them soon

Regarding crs, which is reported in 31st december, do they reveal information from who was money sent or just cumulative value of transactions, total balance? Cant find anywhere in details what info crs banks sent.

Regards,
Delta

sure, anything in banks is not anon as you have provided your passport.
If this issue is of concern, you need to approach this from a different angle.

 

[Piano]

This list is not completely correct but at the OECD webpage it is possible to find accurate information...

There is not only Automatic Exchange of Information (AEOI) based on CRS but also Exchange of Information on Demand – that almost any country participates in. So the answer to your question is yes.

Almost every country participates in info on demand ….which countries not ? Is there a list of this ?

I ve found CRS countries that I could rely on but not non-CRS list.
Obviously I was googling before asking anything.
Thanks for answer.

Here is the list

https://www.oecd.org/tax/transparency/AEOI-commitments.pdf

 

[Forester]

Almost every country participates in info on demand ….which countries not ? Is there a list of this ?

Actually, it is exactly called Exchange of Information on Request (EOIR) – sorry, I did not recalled it well.
If you browse the OECD website, you can check for the particular country. You can start here https://www.oecd.org/tax/transparency/. (It is possible that someone created even some list and published it somewhere but I am not aware of this; and I also guess that such a list would become outdated relatively soon, as the situation is permanently changing. BTW, the same concerns also any non-AEOI/CRS countries list published by anyone other than OECD.)