AEOI Question

[jaconb343]

If I open an personal bank account with AEOI country, and If I do small deposits and use there debit cards and credit cards. Would this be reported like maybe 10-20k a year and use most of it so my balance is maybe under 5k

What information is reported to my home country? Just my acc balance at the end of the year or all my deposits and withdraw? I may use an crypto exchange to do deposits and use peer to peer trades to do bank transfers.

 

[negon]

According to what you can read in the forums and from the OECD website then yes, everything you open in your name and which is abroad get reported to your tax office. So it's almost impossible to avoid to pay tax.

Using the debit card locally is also a bad idea if you want to avoid taxes.