Funds 2 hide :>

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Dejton

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Jul 30, 2023
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Hello,

got some funds on a bank card (Netherland), but i am from different country. What's the best way to hide/avoid taxes and/or tranfer it to somewhere else 2 withdraw then, or something? Can send in to crypto/withdraw or, any other solutions?
 
First question here︀ is where you are a tax resident. Then it's not necessarily a taxable event to︁ receive funds into a personal account (Im assuming it's a personal account here), it depends︂ on the tax rules of the country where you are a tax resident. But yes,︃ if you are tax resident in a country that has signed for AEOI/CRS, that country's︄ authorities are likely to receive info about your funds, and might or might not ask︅ questions about it when they receive your annual tax return.
It's the act of receiving︆ it that triggers things, what you do with the funds next while still owning them︇ personally is less of an issue.
 
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