EUR payments from Dubai to non-EU party

[Berti]

Hi,
If I transfer EUR from my private bank account in Dubai (UAE resident) to a private third-party account outside the EU, then there is still an EU correspondent bank involved.

Does a tax authority in the EU now have the option of filtering bank data via this correspondent bank? i.e. does the tax authority have the ability to find the sending bank account and accountholder in Dubai?

 

[pomegranate]

Technically most likely yes. The correspondent bank will have all the details of your payment.
Practically I would think the risk is relatively low.

 

[JackAlabama]

Berti said:
Hi,
If I transfer EUR from my private bank account in Dubai (UAE resident) to a private third-party account outside the EU, then there is still an EU correspondent bank involved.

Does a tax authority in the EU now have the option of filtering bank data via this correspondent bank? i.e. does the tax authority have the ability to find the sending bank account and accountholder in Dubai?
Click to expand...

Yes. In case someone cares to look out for your name. These data are often available in other banks as well in case of how the countries payment system is organized (sometimes payments are outsourced to other parties).

 

[Martin Everson]

Berti said:
If I transfer EUR from my private bank account in Dubai (UAE resident) to a private third-party account outside the EU, then there is still an EU correspondent bank involved.
Click to expand...

Yes

Berti said:
Does a tax authority in the EU now have the option of filtering bank data via this correspondent bank? i.e. does the tax authority have the ability to find the sending bank account and accountholder in Dubai?
Click to expand...

Yes

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