CRS country with territorial tax

[Elel]

Country A and Country B are both CRS
Only country A has very specific territorial tax

Person Y becomes tax resident in country A
Person Y manages his wealth in country B bank

If country B reports accounts to country A will nothing happen as long person Y not touching banks in country A?

 

[Martin Everson]

Elel said:
If country B reports accounts to country A will nothing happen as long person Y not touching banks in country A?
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Correct.

P.S Even if money from Country B touches accounts in country A its not a problem. It depends on what kind of remittance is made and which RND country is involved. For example remitting offshore capital from country B to country A is not taxable in Malta. Only offshore income remitted to country A is taxable.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.