PAYONEER AND CRS

[frenck2323]

Hi everyone,
i don't find any topic relevant and recent about payoneer and crs

actually they do any report to crs or something like that?

many thanks for who will help me

 

[RobReal]

Nope

 

[Romanxxx]

it depends under what payoneer office you registered. if the USA then no. if Ireland‌ - then yes.

 

[AtlasShrugged]

What about Bulgaria?

 

[myshufflemix]

Since Bulgaria is in the EU, you should expect to be reported under CRS and‌ all the usual rules based on the address you’ve given Payoneer.

 

[darn18]

If I have a US business Payoneer account for a US LLC, but⁠ I am the sole beneficial owner and a tax resident in a European country, will the account be subject to CRS reporting if I use a SEPA IBAN provided⁤ by Payoneer?

Or, since the entity is US-based and the account is held under⁣ Payoneer US, will it not be reported under CRS?

 

[SCHLOSSFINANZ]

YES it will be reported. Why should they risk to being fined for a petty‌ cash account you have there? No serious financial institution is risking to run afoul with‍ the regulator

 

[Houdini]

I don't think they're reporting yet, at least I haven’t heard of any cases where‌ a U.S. entity has reported to any European or EU country.

But you can never‍ be completely sure.