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Emis tax information

Well the two banks in the list like Revolut and Bunq have no choice but to comply with CRS and hence TIN information is required. The other two EMI's may or may not ask but a TIN would be prudent of them to obtain for future reporting needs.

P.S Depending on your residence and whether you accepted the conversion your account with Revolut maybe with Revolut Bank or Revolut EMI.
 
Do they actually use this id on their own or they just have to collect it because of this rule and when asked from a specific country they comply and release information?

As for above companies i only have revolut and received the email of being transferred to revolut bank starting July 1st and was wondering why they kept asking to transfer to bank when they were going to force it anyway
 
Do they actually use this id on their own or they just have to collect it because of this rule and when asked from a specific country they comply and release information?

It is not mandatory for CRS to take place but its a nice to have value that is part of CRS data collection on clients.

As for above companies i only have revolut and received the email of being transferred to revolut bank starting July 1st and was wondering why they kept asking to transfer to bank when they were going to force it anyway

Revolut handles the migration its own strange way conf/(%.
 
When revolut turns into a bank and add my tax id will information be shared automatically with other entities (european central bank etc) or will be shared upon request by resident's country?

Will be shared automatically with your home countries tax office if your country is part of CRS.