Recent content by goodvibes

From my experience I would say the best one is Wise.

Is Revolut still considered an EMI or do they have a banking license?

Am I missing something or why would you want to open a bank account in a country like Switzerland that is participating in automatic information exchange?

So is there any EMI with IBAN that doesn't report to CRS lol

Guy from support said it's a bank account but on the first page on Wirex it says Wirex isn't a bank. This is an answer from Wirex: Whilst Wirex does not have a recurring legal obligation to report to any tax authority regarding individual users, where Wirex receives a request from any foreign...

I have found another interesting document regarding this topic The Common Reporting Standards (“CRS”) and US Foreign Account Tax Compliance Act (“FATCA”) in Lithuania The UK has taken the approach outlined in this letter and implemented it into HM Revenue and Custom's (“HMRC's”) Final...

If not Payoneer what then ? What are the better alternatives ?

Yes royalties. It's not about income. It's about paying lowest possible tax or not one at all for the moment as income amount from Amazon is low and I would have higher cost in my home country than the actual amount I would receive.

Hello, I am from EU Country and we have a tax treaty with USA so I pay 5% in USA and % here (depends on the income) if I connect my personal bank account to Amazon as a freelancer. Would I benefit if I would use Payoneers USA Bank account and receive money in that account? How much tax would I...