how avoid CRS

[catpower]

Hello to everybody, I am a citizen of a very high taxation country, Italy,I am actually resident in Spain,other High tax country, I just moved to an African country not CRS ,I would like to cut all relationships with EU to avoid problems with taxes,how can I move some 30/40 k euros from a Dutch bank to an offshore account without leaving tracks? I appreciate any advice ...

 

[Konstanz]

What is that african country?

 

[catpower]

Tunisia

 

[DrunkFlamingo]

If the money is legal, and you are legitimately changing your tax residency, then why‌ not just transfer it directly?

 

[Konstanz]

I am not expert of Tunisia. But if‌ you move there and transfer your funds you earned before you moved. They will not‍ be taxed in Tunisia
Alternatively you can convert to stablecoins

 

[catpower]

Any stablecoin to suggest? i don't trust‍ very much Tunisian banks,easy to get money in but to take it out is a⁠ bit more complicated
thanks

 

[Marzio]

It would be better to move to another‌ country because Tunisia it will start reporting in 2 years.

 

[catpower]

so no solution to it?

 

[DrunkFlamingo]

If you don't want to send the whole amount to local banks you could convert‌ to crypto and then use crypto cards to pay for your day to day expenses.‍ Might be a bit hard for larger expenses though. I believe you would still need⁠ an exchange account (ie with binance or crypto .com) in a EU country to receive⁤ the debit card though.. so it could be a deal breaker, although there are other⁣ crypto card options out there.

If you wanted to hide it there are a number⁢ of ways. Use a mixer like tornado cash, or transfer in and out of monero.︀

If you just want to get the money out of the EU with no traces,︁ crypto is a good way to do it. If you want to use it for︂ something specific in Tunisia though, you might need to plan something a little more specific.︃

 

[sublety22]

Does anyone know if Crypto.com or Wirexapp.com send tax information exchange some kind of information‌ ?

 

[catpower]

wirex is very strict about clients residence countries, so probably they do exchange infos.but not‌ sure 100%..

 

[mausamKonwar]

You can get a taxpayer ID from either a non CRS country or a country‌ where you don’t mind if they have information from your overseas bank. If you have‍ existing overseas accounts that you’d rather keep private you should take action without delay. You⁠ will find everything you need to know to rearrange your financial life in the new⁤ world where financial privacy has been eliminated for most people.

 

[MichelRippon989]

[No content provided]