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I did it all wrong...what can I do now? :(

Not me,but on 560 000 romanains. they did not said anything about revolut. maybe they did not got the CRS yet, as CRS is sent at the final of the year.
if I am not wrong CRS only send the account balance, so i can buy more stocks/gold, and let the account at zero ? will that report back to the "country" i will select as tax residency zero ?
What is the threshold for a criminal offense in Romania?

Might be worth evaluating your exposure year by year.
 
Can you tell me if I open an account, do 50 000 $ in transactins on it, then leave the account at 0 at the end of the zero, they will report back i have an account with 0 ?
volume will also be reported in crs, like what comes in and out and final balance of course.
You could have been gifted 50k by your friend and have spent it all in the casinos might be possible.
 
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You should also consider the statute of limitations in Romania.
The statute of limitations period is 5 years, starting from 1 July of the year following that to which the tax
obligation is related. However, in the case of fraud, the statute of limitations can be extended to 10 years,
starting from the date when the criminal offence occurred. The statute of limitations is suspended during a fiscal inspection period.
 
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Buy gold and Rolexes, hide it and move to Latin America, never ever return to Romania or EU again.

Have some friends or family ship it to you there - if needed, sell some gold, buy crypto and pay them for a flight to take a rolex or two with them.

Paraguay is an option maybe? Try to get a new passport, change your name, etc.

Others, please correct me if what I'm suggesting is totally dumb and not gonna work
it's not like he's already wanted by the Interpol dead:-! lol. feels like an overkill. I'd go for an option to reach out to his tax authorities, and ask to settle down the tax debt, then break it down to payments, and pay those taxes for the next 5-10 years. This way he both helps his country budget, and sleeps well. After all, the country budget probably pays his grandma pension, and so on, so forth... no reason to run away like from Interpol....

Not sure why you want to keep that Revolut account and why it seems important. Just withdraw everything and close it, even if it'll report, you can simply spend the next few years travelling or whatever. Can cash out crypto in any country almost, also can easy get residency in many countries with little to no questions, like Montenegro if you register a company only asks your criminal record and passport, that's all (cost 300 Euro) then you extend the residency permit every year, very simple. Can also travel back and forth, no need to stay in the country. Also good option is Thailand, local banks and tax authorities don't care too much about taxing you or asking questions, all they want is that you spend your money here, and not take work places of locals (so the strictest penalties are if you're caught doing a local job that foreigners are not allowed to do, like tour guide etc'. as long as you keep working online, they don't mind, you can declare taxes and pay taxes here properly starting from first year of residency but they won't ask about money you bring into country, they are good with any amount of $$$ entering the economy through foreigners who bring money in). I was not asked about source of funds, when bought a house in Montenegro, and when bought a condo in Thailand, no questions at all, I was surprised a bit, they really don't care where the money came from. And I used Wise.com to pay in both occasions lol, from my American bank accounts. Well, in my case all my money tax is paid properly and earned properly (Bay Area tech startup jobs for the last 4 years...) but still, was never asked even for a bank statement :D not during immigration and not during visas applications or opening bank accounts (in both Montenegro or Thailand)... the Thai bank just asks to deposit 500$ for 1 year (locked) and you get a proper account with debit cards. For now my plan is to spend summer in Montenegro, and winters or most of the year in Asia. But paying taxes I pay in USA, so probably starting next year I will pay tax in Thailand, if I stay here long enough. I really like it here. Montenegro is pretty and chill, but boring.
 
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I just got an email couple days ago that they have just converted just a couple days ago (EMI into a Bank)

What I would do is move all the funds right away from there to crypto and close the bank account right away.
Export and save all the bank statements just in case.
It might work as they most probably wont report you right away. They might do that yearly or quarterly or something and by the time your account will be closed.

Plan of going to Montenegro is good.
You may also stay in Serbia and wait and see will they be after you in Romania (will you get anything from the tax office).
 
I hope OP feels whatever action he takes is worth it. But whatever he decides as @JimBeam said you better keep those statements safe.
 
I am still fine. No news from them. i have 1 or possible 2 more years. i didn't wanted to withdraw to not
-sell my stocks at under evaluated prices
-to keep a track of my money
it just scared me out as i did all this money when i was away from Romania,15 years ago, but i failed to keep statements, tracks of the money,etc.
 
I am still fine. No news from them. i have 1 or possible 2 more years. i didn't wanted to withdraw to not
-sell my stocks at under evaluated prices
-to keep a track of my money
it just scared me out as i did all this money when i was away from Romania,15 years ago, but i failed to keep statements, tracks of the money,etc.
another boiling frog stupi#21
 
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Yeah , and i need you guys as you know more than 99.9 of any attorneys.

Basically I was working for 20 years as a "digital hustler" , selling SEO link, pageranks, building pageranks, and many others things. I was always feeling I can get into troube, like for "frauding the results in google", :brushteeth::brushteeth::brushteeth:, now i know this will be a joke.

but we do bigger and bigger things, like buying google adwords accounts, to create ads, we let the bills with ⊗⊗⊗⊗ names unpaid.... google doesn't care...

So ... my problem is this. I have 200 000$ in revolut, and Romanian Authorithies , the IRS of Romania wants to do a "FInancial Jihad" ... because 10% of working population earned 20 billions in 5 yeaars without paying a tax on it.

What can I do now? I am in European Union, i can choose any country. Where i can change my residency for 2-3 years at less, so they will not care i have 200 000 in my account and never paid 1$ in tax.

yes, i know i was stupid. and there is no coming back from this. i can even face jail , but they with their penalties and interest rates they will take all my money. ALL. or even more.

Money are already 3 years old. The rest i keep in stable coins.

Sometimes I think I should run even in US for a while, because they will not care about my 200 000$, lol

in Romania now they ask a lot of questions for everyone. if they see you had 400$ in a bank account they will ask bank statements for 5 years , and a lot of others questions. they mass interrogate the population.
I would change residence for 10years. And I am actually doing it. I chose NHR program in portugal. 0% tax on passive foreign income, contact me on telegram(i have the same username) if you are interested, we could help each other.
 
I would change residence for 10years. And I am actually doing it. I chose NHR program in portugal. 0% tax on passive foreign income, contact me on telegram(i have the same username) if you are interested, we could help each other.
aren't laws and taxes in small countries like Cyprus or Portugal (and Montenegro too, for example raised income tax from flat 9% to flat 15% overnight "cos they can") tend to change like weather and it's impossible to make long term bets like the 10 year tax exemption? what are the chances they'll actually keep the same laws for longer than a few years? and how do you like it there? :)
 
aren't laws and taxes in small countries like Cyprus or Portugal (and Montenegro too, for example raised income tax from flat 9% to flat 15% overnight "cos they can") tend to change like weather and it's impossible to make long term bets like the 10 year tax exemption? what are the chances they'll actually keep the same laws for longer than a few years? and how do you like it there? :)
What you say it's true. They change laws like weather but nhr program lasts 10years since you register. They already raised the tax rate on pensions from 0 to 10% but NOT to those who already enrolled(New 10% income tax charge on pensions under Portuguese NHR regime (via Passle)). They don't need this kind of bad publicity. So if you enroll now there are good chances your taxation will remain the same. Eventually you can simply move elsewhere. All they require is a presumption of residence based on the rental agreement. I am still organizing the trip and the documents, in a few months I will be there so i cannot answer about how is it there :)
 
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