CRS Reporting, confused if I am reportable via my bank and broker.

[Marie Manila]

I was reported via FATCA (USA sent data about dividends and interest for my personal brokerage account to my taxman in EU) without tax id, back in 2014/2015 when automatic exchange started. CRS works pretty much the same.

How did you realize that your taxman got that information?

I am not sure, what my taxman knows about me and how they use that information.

 

[seabreeze]

How did you realize that your taxman got that information?

I am not sure, what my taxman knows about me and how they use that information.

You can always make a GDPR request to find out what your tax man knows about you.

 

[seabreeze]

I will only deposit/ withdraw via my UAE accounts, do you think asking them if they report would be deemed too suspicious?

Yes, requesting information from a FI regarding reporting technicalities would be seen as a red flag for further analysis of account and possible AML reporting.

 

[Silvio]

If you need to ask if you are reportable, assume you are and will be reported, and act accordingly.

 

[Marie Manila]

You can always make a GDPR request to find out what your tax man knows about you.

Yes, you can, but it might bring some special attention to the tax man.
My lawyer told me: Never do that!

 

[seabreeze]

Yes, you can, but it might bring some special attention to the tax man.
My lawyer told me: Never do that!

Well yes. However if you already have signs of special attention, at least now you have this card to play.

 

[Cetme308win]

Yes, you can, but it might bring some special attention to the tax man.
My lawyer told me: Never do that!

it's like a drugs dealer asking the police about himself

 

[zzzzzz]

How did you realize that your taxman got that information?

I am not sure, what my taxman knows about me and how they use that information.

They sent me a letter in 2016.

CRS Reporting, confused if I am reportable via my bank and broker.

I am a UK citizen but I now have left the UK and I have UAE residency, I have opened my UAE bank account with residency visa (I have an investor visa) , Emirates ID and UAE phone number, I did not give any info about the UK on the application and on the CRS report section on my online banking, i...

www.offshorecorptalk.com

You can check FATCA agreement with USA and your country of residence here:

Foreign Account Tax Compliance Act

FATCA requires foreign financial institutions (FFIs) to report to the IRS information about financial accounts held by U.S. taxpayers, or by foreign entities in which U.S. taxpayers hold a substantial ownership interest. FFIs are encouraged to either directly register with the IRS to comply with...

home.treasury.gov

 

[Cetme308win]

They sent me a letter in 2016.

CRS Reporting, confused if I am reportable via my bank and broker.

I am a UK citizen but I now have left the UK and I have UAE residency, I have opened my UAE bank account with residency visa (I have an investor visa) , Emirates ID and UAE phone number, I did not give any info about the UK on the application and on the CRS report section on my online banking, i...

www.offshorecorptalk.com

You can check FATCA agreement with USA and your country of residence here:

Foreign Account Tax Compliance Act

FATCA requires foreign financial institutions (FFIs) to report to the IRS information about financial accounts held by U.S. taxpayers, or by foreign entities in which U.S. taxpayers hold a substantial ownership interest. FFIs are encouraged to either directly register with the IRS to comply with...

home.treasury.gov

damn it, you can try with georgian brokers...