EMI without CRS

[GlobalConsult]

Hi guys,

Are there still EMIs within the EU without a CRS obligation?

Apparently not all EMIs report CRS.

 

[jafo]

Apparently not all EMIs report CRS.

Like which ones?

 

[12345]

EMIs do not participate in CRS as far as I know
Apart from these that have a bank license (revolut, n26)

 

[JohnLocke]

We have had this topic a few times here already
https://www.offshorecorptalk.com/threads/which-emis-dont-report-no-crs.39984/https://www.offshorecorptalk.com/th...w-are-still-doable-and-dont-report-crs.35671/
If you can't find topics with our own SEARCH option above you may enter in Google:

 site:offshorecorptalk.com emi without crs

or similar and you will quickly find what you look for.

 

[jafo]

Google: site:offshorecorptalk.com emi without crs

This is actually a great tip. I overlooked this. It's also good for the site's placements.

I'm going to start using it.

Thank you for sharing.

 

[Don]

EMIs do not participate in CRS as far as I know
Apart from these that have a bank license (revolut, n26)

This is becoming outdated: Tax Transparency: Amendments to the Common Reporting Standard

 

[12345]

This is becoming outdated: Tax Transparency: Amendments to the Common Reporting Standard

Thanks I were not aware of that. So as I understand beginning 1 January 2026 all EMIs will be reported?

 

[Don]

Thanks I were not aware of that. So as I understand beginning 1 January 2026 all EMIs will be reported?

"To note that these new accounts would be reportable under CRS, with the exception of e-money accounts whose 90-day rolling average does not exceed USD 10,000 at any day during the year"

 

[Forester]

If you can't find topics with our own SEARCH option above you may enter in Google:

 site:offshorecorptalk.com emi without crs

or similar and you will quickly find what you look for.

This is actually a great tip. I overlooked this. It's also good for the site's placements.

I'm going to start using it.

Thank you for sharing.

I'd personally prefer DuckDuckGo for this site:offshorecorptalk.com emi without crs at DuckDuckGo as I do not like to share my activity with Big Brother G ... It works.
But this is just a side-note.

This is becoming outdated: Tax Transparency: Amendments to the Common Reporting Standard

Thanks, @Don. As I see, this should be repeated endlessly It has been posted here several times already (by me – just an info, not a link – I guess yesterday last time) and it still does not help

Thanks I were not aware of that. So as I understand beginning 1 January 2026 all EMIs will be reported?

"To note that these new accounts would be reportable under CRS, with the exception of e-money accounts whose 90-day rolling average does not exceed USD 10,000 at any day during the year"

Just a small amendment / explanation: The expression “new accounts” there means all EMI accounts, as a new type of accounts being reported, not newly opened EMI accounts!

 

[jafo]

this should be repeated endlessly It has been posted here several times already (by me – just an info, not a link – I guess yesterday last time) and it still does not help

#Bingooooooooooo, and that's the Truth!
But to add a bit of humor to this...

 

[Nasters]

Just a small amendment / explanation: The expression “new accounts” there means all EMI accounts, as a new type of accounts being reported, not newly opened EMI accounts!

What do you mean ?

I've a cat like the one in your profile picture.

Thank you!

 

[Forester]

Just a small amendment / explanation: The expression “new accounts” there means all EMI accounts, as a new type of accounts being reported, not newly opened EMI accounts!

What do you mean ?

Well, re-phrased:
If you have an EMI account on 1 January 2026 then this account will automatically be reported (on condition that 90-day rolling average exceeded USD 10,000 at any day), as well as any newly created EMI account.

I've a cat like the one in your profile picture.

Your cat is definitely nice

Thank you!

You are welcome.

 

[Nasters]

Well, re-phrased:
If you have an EMI account on 1 January 2026 then this account will automatically be reported (on condition that 90-day rolling average exceeded USD 10,000 at any day), as well as any newly created EMI account.

Your cat is definitely nice

You are welcome.

All accounts, both old and new.

That's how I see it too.

Thank you dear friend!

 

[Forester]

All accounts, both old and new.

Yes, exactly.

Thank you dear friend!

Again, you are welcome