Rise payout methos
- Thread starter Delta
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Rise is not typically classified as a financial institution under CRS, so payouts from a prop firm via Rise are unlikely to be reported.
However, always verify with the provider or consult a tax advisor to be sure.
However, always verify with the provider or consult a tax advisor to be sure.
After some digging u r right.
If I use these third party payout methods like rise, workmarket or plaid, I dont actually have an account in banks they use for processing payments, therefore it ll hardly trigger CRS. Especially, when money r sent from them to my personal bank account in a country I ve tax residency.
Its just temporary so I could make complex structure with 3 different jurisdictions.
Thanks @uplana
If I use these third party payout methods like rise, workmarket or plaid, I dont actually have an account in banks they use for processing payments, therefore it ll hardly trigger CRS. Especially, when money r sent from them to my personal bank account in a country I ve tax residency.
Its just temporary so I could make complex structure with 3 different jurisdictions.
Thanks @uplana
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