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]

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]

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]

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.

 

[disconnected]

Wise still does not report: How does tax work with my Wise account? | Wise‌ Help Centre