Is anyone familiar with bank transactions in Germany? Let's say you do a 15k euro bank transfer from Revolut to a German bank (both accounts have the same owner - revolut doesn't have any tax number if that matters) and it completes successfully, what is the process that is happening at the background?
Are certain amounts being reported to some authority, and how possible if to get into trouble if the amount is not tax declared? Of course I know that there is no safe transaction and everything is monitored, but practically do these "small" amounts get under the radar if they complete successfully in the first place?
Cheers.
Are certain amounts being reported to some authority, and how possible if to get into trouble if the amount is not tax declared? Of course I know that there is no safe transaction and everything is monitored, but practically do these "small" amounts get under the radar if they complete successfully in the first place?
Cheers.