I am a resident of country A, and a citizen of country B.
Will the bank in Country A report my bank account to country B even if the bank thinks I am still a resident of country A and not country B?
The only entity that knows that I am now a resident of country B is the government/embassy of my home country and not any bank knows this.
Would the tax department in my home country automatically share this data with my current residency country even if my bank doesn't know this?
or is it just the bank that reports CRS to other countries?
Will the bank in Country A report my bank account to country B even if the bank thinks I am still a resident of country A and not country B?
The only entity that knows that I am now a resident of country B is the government/embassy of my home country and not any bank knows this.
Would the tax department in my home country automatically share this data with my current residency country even if my bank doesn't know this?
or is it just the bank that reports CRS to other countries?