crs

Is there is a minimum limit for when they must report an account to the tax authorities ? Can't see any info about it before and was searching various places without luck!

Beginning with this year, the UK has significantly reduced the scope of information that's being shared with the EU. The HMRC decided to drop the DAC6 reporting of cross-border arrangements almost entirely, to only arrangements with hallmarks of category D (arrangements that involve...

I'm in the process of opening an offshore company and a bank account in Romania. Now will the Romanian bank or authorities report this to my current country of resident because of crs? The company will only be making peanuts for the first six months, no more than 1000 usd in revenue. I...

Clear text what you should know how CRS should work. Since I see a lot of people want play with this is good to know principal rules first. Reportable is account balance at end of year or day you have closed account and total gross amount credited (page 29;30 point 4;6 )...

If I create a company in another EU country, open a bank account for it there, never distribute dividends or pay myself a salary, what are the chances my country of residency will find out? Will it be reported through the DAC or CRS?

Let's say I own a company abroad, with employees, offices etc. and I own a company in my country of residency. If I decide to do a one time contract between these two entities and I'll send money (< 10k EUR) for the rendered services from a company in my country of residency to the company in...

I have a UAE visa, bank, phone number and Emirates ID, and have recently returned to the UK to live. I have setup a UK LTD and will get most of my income this way getting paid from my clients. I still do a few odd jobs for people in Dubai and will make about £2-4k a month but it's not always...

https://www.rbc.ru/politics/15/06/2021/60c8d76e9a7947285a8e0632 Thoughts? How does it relate to Common Reporting Standard (CRS)?

With FATCA and CRS are there still options for EU citizen to create offshore structures as of 2021 where the BO information will not reach the BO country institutions? Basically, what structures are there that can circumvent FATCA and CRS as of 2021 for EU citizens?

I moved to France last year and am about to embark on a French tax return for the first time. Since I have a few bank accounts in a couple of different countries, I am trying to understand how I can minimise the hassle of having to specify every single account to the French authorities...

Hello everyone. I hope you are doing very well. As I Have been learning a lot there's a question that comes to my mind. Let's imagine you are the UBO of foundations and trust entities and hire staff to manage it for you like manager, director and secretary. However you have corporate...

I have a bank account, and have not given my TAX-ID. Would it in general mean, that if a bank or whatever does not have your Tax-ID, they can not send anything regarding CRS to your tax country? My for example is Germany. I mean how will they identificate you or search you in their systems, it...

While not new at all, the AML5 – a directive for anti-money laundering operations – is a challenge for many financial institutions and businesses. Many of these institutions are not even fully aware of it or what it actually implies. Before even getting fully implemented by everyone, a new...

Hi guys, So, I heard that the Interactive Broker has many branches (UK IB, AU IB, HK IB etc). And except for IB LLC in the US, these branches are joined with CRS. My questions: 1. Can investors choose to be registered as a US IB client? 2. Are there other online brokers who don't join CRS...

Hi. I'm an EU citizen & tax resident of Switzerland. My sources of income are: 1) Full-time employment in Switzerland 2) Private investments (stocks, ETFs) -- dividends I'm also thinking about buying some rental properties in Eastern Europe for extra income in a near future. However, I want...

Good afternoon OffshoreCorpTalk team, I was wondering if you'd know any bank which will allow to non residents to remotely open an account (just as Atlantico, Dukascopy, N26) and belonging to a Non AEOI country. I'm not sure but there are a couple of states... Albania Angola Antigua &...

Can’t find an answer to this question. If I have a house in the UK and I am from France. Does the UK exchange information about a house I have in the UK in the same way they do with bank accounts and bank account balances at end of year. Thanks

Hello guys, Regarding non crs banks for offshores (BVI, Belize, Seychelles,..) as I know we have only available to be open on remote: Puerto Rico (EPB Bank), Georgoria, Serbia and Montenegro? Do we have any other solution that is possible to open it on remote and which I did not mention? As...

I have an N26 bank business account, and this morning I've received an e-mail that they've requested for my tax ID. Since Covid, I've started an online business which I haven't been legally registered for. What will happen next? If I don't file in the tax ID, is it going to be alarming? If I...

Is there a country left that does not comply to the FATCA reporting? I tried to search a little but can't find anything evidence that this or that country does not report!