Can EU seizes money from my UAE bank accounts ?

[uenop1]

Hello.
I'll make it very short.
I closed my EU company 1 year ago. I moved to UAE, I have all my life here now.
But I received a mail from EU, my closed EU company got inspected by taxmen, and they now ask me for a big amount of money. Part of it is my fault but the amount, trust me, is very exaggerated and above what I can pay.

We talk about ~150K.

My question is. Can they make a seizure on my UAE bank accounts or it's unlikely ? I have nothing left in EU

Is it something that, in practice, occures often ? (Seizure on foreigner bank accounts, and more specifically UAE)

In UAE I have one personal bank account, and one pro bank account for my business. I have nothing left in EU (no real estate, no bank account”¦ no assets at all)

 

[Clank]

They won't be able to take your money that you have on UAE Banks.

 

[Marie Manila]

What about your passport?
Do you have a passport from the country, that asks for the 150K?
Some countries can revoke your passport if you don't pay the tax.

(I'm curious: is the 150K an exit tax?)

 

[wellington]

uenop1 said:
Hello.
I'll make it very short.
I closed my EU company 1 year ago. I moved to UAE, I have all my life here now.
But I received a mail from EU, my closed EU company got inspected by taxmen, and they now ask me for a big amount of money. Part of it is my fault but the amount, trust me, is very exaggerated and above what I can pay.

We talk about ~150K.

My question is. Can they make a seizure on my UAE bank accounts or it's unlikely ? I have nothing left in EU

Is it something that, in practice, occures often ? (Seizure on foreigner bank accounts, and more specifically UAE)

In UAE I have one personal bank account, and one pro bank account for my business. I have nothing left in EU (no real estate, no bank account”¦ no assets at all)
Click to expand...

set aside the money, they can indict you though.

 

[JohnnyDoe]

They can take the money from anywhere if they want. Probably they won't try too hard, or at all, with the UAE, simply because it's time consuming and expensive. But they could just cause the UAE account to be frozen and your inability to operate other accounts until you fix your tax situation.

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[clemens]

It really depends on which EU country is after you and how much they believe you owe them in taxes and duties. Some countries just threaten, and nothing more happens. Other countries are serious and will do everything to collect the money.

Toggle signature
One of my favorit articles in Mentor Group ~ Sending money anonymously archieve Financial Anonymity

 

[jafo]

uenop1 said:
But I received a mail from EU
Click to expand...

If you closed the company and left, how did they get a hold of you?
How do they even know where you went?
Who told them and why? 🙄

uenop1 said:
and they now ask me for a big amount of money. Part of it is my fault but the amount, trust me, is very exaggerated and above what I can pay.

We talk about ~150K.
Click to expand...

It's a superseding divorce settlement & child support demand letter. In retrospect upon fully reflecting on their own unproductive lives, they are NOT happy with the past mutual beneficial arrangement. They want to unilaterally change it to benefit them. How dare you leave them for greener pasture? smi(&%

Marie Manila said:
What about your passport?
Do you have a passport from the country, that asks for the 150K?
Some countries can revoke your passport if you don't pay the tax.

(I'm curious: is the 150K an exit tax?)
Click to expand...

OP, use the €150K and buy yourself ANOTHER passport e.g. CBI! If they cancel your "current" passport to extort more money from you, document it. Make a list of names of everyone from that side you deal with. Create a dossier on them. Take NO prisoners!

JohnnyDoe said:
They can take the money from anywhere if they want. Probably they won't try too hard, or at all, with the UAE, simply because it's time consuming and expensive. But they could just cause the UAE account to be frozen and your inability to operate other accounts until you fix your tax situation.
Click to expand...

100% this, OP! Listen to this! If they know you have an account there, they'll use MLAT, etc. to f*ck with you! Now, if they don't know...not much they can do. You can't steal what you can't see! smi(&% 😉

clemens said:
It really depends on which EU country is after you and how much they believe you owe them in taxes and duties. Some countries just threaten, and nothing more happens. Other countries are serious and will do everything to collect the money.
Click to expand...

100% true! If they know you have the money or the assets to steal, they WILL steal it. Now, if you have debt, live in poverty, and have nothing to steal, you don't have to worry. They will do their utmost best to avoid you 😉

 

[uenop1]

jafo said:
If you closed the company and left, how did they get a hold of you?
How do they even know where you went?
Who told them and why? 🙄
Click to expand...

I had to make a declaration for my revenues of previous year (where I was still eu resident), and had to inform them of the change of address and country.

But I owed them money even before that. In fact, 1 month after I closed the EU company, they started investigating it. (They can do this up to 3 years after a company is closed)

 

[jafo]

uenop1 said:
I had to make a declaration for my revenues of previous year (where I was still eu resident), and had to inform them of the change of address and country.

But I owed them money even before that. In fact, 1 month after I closed the EU company, they started investigating it. (They can do this up to 3 years after a company is closed)
Click to expand...

So, what you are saying is:

1. They know you have the money
2. They know where you went
3. You owed them before you "divorced" them and went with the hotter and younger girl.

If I were you, I would cut a deal with them, pay them their money, and move on with my life. Treat the "infection" now, before it spreads and becomes life-threatening. 🙄

 

[uenop1]

jafo said:
So, what you are saying is:

1. They know you have the money
2. They know where you went
3. You owed them before you "divorced" them and went with the hotter and younger girl.

If I were you, I would cut a deal with them, pay them their money, and move on with my life. Treat the "infection" now, before it spreads and becomes life-threatening. 🙄
Click to expand...

They know that I'm in UAE
If I faked this it would be a lot worse.
Also If I didn't say that I moved abroad and they see no annual declaration from me, whereas technically I'm still EU resident for them because I told nothing -> will trigger the warning

They don't really know if I have the money or not since they don't know that I have a bank account here, but it will not be hard for them to find I guess. No I'll not pay, I'll find whatever solution but I will not give them this amount that is way exaggerated

 

[Konstanz]

uenop1 said:
They know that I'm in UAE
If I faked this it would be a lot worse.
Also If I didn't say that I moved abroad and they see no annual declaration from me, whereas technically I'm still EU resident for them because I told nothing -> will trigger the warning

They don't really know if I have the money or not since they don't know that I have a bank account here, but it will not be hard for them to find I guess. No I'll not pay, I'll find whatever solution but I will not give them this amount that is way exaggerated
Click to expand...

They could start criminal investigation on you because of unpaid tax and ask for your extradition to your country lol

 

[CryptoTrader87]

Damn, f**k the taxman! I agree with everyone here, don't pay them a dime!

 

[banafinfodafuggiano]

Get a lawyer, get an accountant, start the appealing process.
Don't tell them where you live (yet).

If it's your home country, you are fucked and need to pay or they will freeze your passport eventually (or unable to renew it).

 

[Dandyline]

uenop1 said:
They know that I'm in UAE
If I faked this it would be a lot worse.
Also If I didn't say that I moved abroad and they see no annual declaration from me, whereas technically I'm still EU resident for them because I told nothing -> will trigger the warning

They don't really know if I have the money or not since they don't know that I have a bank account here, but it will not be hard for them to find I guess. No I'll not pay, I'll find whatever solution but I will not give them this amount that is way exaggerated
Click to expand...

Did you take out money from the company without paying taxes or what?

 

[wellington]

uenop1 said:
They don't really know if I have the money or not since they don't know that I have a bank account here, but it will not be hard for them to find I guess. No I'll not pay, I'll find whatever solution but I will not give them this amount that is way exaggerated
Click to expand...

At this point, he is knowingly committing tax evasion.

I advise anyone 'advising' him in responses to be careful in their responses.

For O. P.
You never f**k with the tax man, and even though he's a cunt, he's the biggest cunt in the world, and you can't hide from his legally owed dues.

 

[jafo]

wellington said:
You never f**k with the tax man, and even though he's a cunt, he's the biggest cunt in the world, and
Click to expand...

our involuntary life & business partner with a +50% ownership! smi(&%

wellington said:
I advise anyone 'advising' him in responses to be careful in their responses.
Click to expand...

Exactly! 100% this! Hence my response here again:

jafo said:
If I were you, I would cut a deal with them, pay them their money, and move on with my life.
Click to expand...

😉

 

[Konstanz]

wellington said:
At this point, he is knowingly committing tax evasion.

I advise anyone 'advising' him in responses to be careful in their responses.

For O. P.
You never f**k with the tax man, and even though he's a cunt, he's the biggest cunt in the world, and you can't hide from his legally owed dues.
Click to expand...

That is why people go to live in UAE and even islands countries to get residence or citizenship
The reality is that unpaid tax can lead to criminal investigation and problems internationally
Maybe you can ask to come a deal to spread payments within 3 years with tax authority? They usually are keen for settlements
It is painful , but it is better to pay...

 

[bonox]

Konstanz said:
Maybe you can ask to come a deal to spread payments within 3 years with tax authority? They usually are keen for settlements
It is painful , but it is better to pay...
Click to expand...

It is not smart to owe money to the tax authorities, and certainly not to try to avoid paying what you owe them. However, I would say that if you stay calm, and are able to move to a country where they can't reach you, and you don't continue this bad career path, then you might be lucky and escape after a few years, without paying at all.

 

[TalkwithG]

wellington said:
At this point, he is knowingly committing tax evasion.

I advise anyone 'advising' him in responses to be careful in their responses.

For O. P.
You never f**k with the tax man, and even though he's a cunt, he's the biggest cunt in the world, and you can't hide from his legally owed dues.
Click to expand...

Exactly this. If I were him I would hire a lawyer before moving forwards and try to bring down the bill as much as possible. It sounds like tax evasion and the tax man is trying to teach him a lesson the hard way.

 

[wellington]

TalkwithG said:
Exactly this. If I were him I would hire a lawyer before moving forwards and try to bring down the bill as much as possible. It sounds like tax evasion and the tax man is trying to teach him a lesson the hard way.
Click to expand...

Lawyers have a duty to inform the state when aware of a crime being conspired.