CRS EMI transactions

[GSKL723]

If Wise or other EMI's do CRS.

What to they report? Only the money thats in the account or also all transactions/income?

If I just use Wise as a station where money flows from Stripe to Crypto, will this be noticed in the future?

 

[wellington]

GSKL723 said:
If Wise or other EMI's do CRS.

What to they report? Only the money thats in the account or also all transactions/income?

If I just use Wise as a station where money flows from Stripe to Crypto, will this be noticed in the future?
Click to expand...

Been a few posts previously, WISE currently doesn't do CRS for accounts.

Stripe likewise doesn't do CRS.

 

[DerAufklaerer]

Can aonyone find a information about Icard.com ?

 

[GSKL723]

wellington said:
Been a few posts previously, WISE currently doesn't do CRS for accounts.

Stripe likewise doesn't do CRS.
Click to expand...

Okay but the banks that do CRS, do they also report income or only one-time account balance?
How will they know income was not reported if they only report account balance?

 

[wellington]

https://www.oecd.org/tax/automatic-exchange/common-reporting-standard/
https://www.crs.hsbc.com/en/frequently-asked-questions
Use google.

 

[GSKL723]

What does this mean, what do they mean with payments credited?

• the total amounts of interest or payments credited

 

[tacokai]

GSKL723 said:
If Wise or other EMI's do CRS.

What to they report? Only the money thats in the account or also all transactions/income?

If I just use Wise as a station where money flows from Stripe to Crypto, will this be noticed in the future?
Click to expand...

they report your account and end balance, that's it, but it is enough for the tax man to start slowly to put something big up your a*s.

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