Does the location of a personal bank account *alone* impact anything about taxes?

[JamesDonkey]

Say, I pay myself salary or dividents to multiple banks, personal accounts, rotating them, and each of which is located in somewhat neural country -- the one which has nothing to do with my residency or citizenship. It's that I happened to open bank accounts there sometime ago and now use them.

Does this fact **alone** that I send salaries or dividents to those bank accounts impact **somehow** my responsibility about taxes in those countries?

 

[dreadpiraterob]

Hard to give a blanket statement without knowing your jurisdiction, but if these banks are‌ in countries compliant with CRS (most countries are) they are required to know your tax‍ residency and report your information to that jurisdiction.

 

[JamesDonkey]

Are you certain? A bank isn't in‌ the business of determening one's **tax** residency;

more over, what would a bank do if‍ one had multiple tax residencies and how would a bank even find that out still?⁠

The job of a bank is determine a residency or citizenship of a person, but⁤ not a tax residency. Or, determine that a person isn't a resident of certain countries.⁣

 

[Marie Manila]

Almost all banks⁣ in CRS countries I applied to asked me for my tax residencies and my TIN.⁢
Of course, you can lie to them, but this is generally not a good idea.︀

 

[JamesDonkey]

Did they ask precisely "what's your TAX‌ residency"?

How do you know?

 

[Marie Manila]

Yes, they‌ did.

 

[AMD]

no but they have to comply to the applicable laws in‍ the EU if they don't have their act together they will be fined or finally⁠ it's game over for them, didn't see that yet, but sure it will come.

 

[JamesDonkey]

I don't understand.
Why do you assume that it's necessarily EU?
"No", "but they have⁤ to comply" -- yes, they do. Every bank in the world has to comply with⁣ some rules. What then?