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CRS Reporting Question

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r8080terms

New member
Balances for sure (at some specific points in time, IIRC year's end).
They don't care about money out, but rather about money in.

Also from two different web pages:

  • Year-end account balance
  • Gross Proceeds (all sales)
  • Interest income
  • Dividend income

The information reported to tax authorities will have been provided in the self-certification form, and details about the accounts and products you have with us, including:
  • the balance or value
  • the total amounts of interest or payments credited
 

newNomad

Active Member
seems one reports all the gross proceeeds and another just the balance?
I wonder if there is any difference in reporting schema for personal account versus a business account? And whether a freelancer's account is classified as business account if opened under the option 'business' rather than a persons - if I remember right freelancers have option of opening a 'business' account under their name to get higher limits compared to standard limits of a personal account..
 
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