Recent content by Dh8

True, that's a scary thought. Imagine tax authorities don't develop their systems until years in the future. You think you're safe with a zero balance every year but once their AI systems are implemented, what if they use it to look into all the previous years of zero balance accounts, now...

Do you have an actual source for this? If you read through the official CRS handbook, it's clear that for bank accounts, only the total interest earned and the balance at year end is reported. If the balance at year end is zero or even if you close the account, your account will still be...

For bank accounts CRS only automatically reports interest earned and the balance on December 31. Incoming and outgoing amounts from your other accounts or from other people are not automatically reported. That being said, the existence of the foreign bank account would now be known by the...

CRS doesn't automatically report the sum of money added to an account nor the money spent. It just reports interest earned and the balance of the account at year-end, along with account information details like name, address etc. But yes, if tax authorities in your resident country want to act...