How to receive SEPA

[Var12]

Good evening everyone, this is my first message, I hope to find myself well among you. I hope to receive solution advice from the experts.
I live in Italy, I have to collect 25 / 30k euros per year only with SEPA transfers, payments arrive in small monthly amounts from some European countries. The money is clean and comes from the sale of vintage items.
I would like to use EMI or any other secure method that doesn't make me lose money, without fake IDs.
Up to now I have used the personal Wise account in my name, but I am beginning to worry about the CRS.
Can you help me find a solution please?

 

[Marzio]

Are you serious? You'll be much better declaring that income and you'll pay 10% max as a self sufficient

 

[Var12]

marzio said:
Are you serious? You'll be much better declaring that income and you'll pay 10% max as a self sufficient
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10%???

Are you joking? In Italy we are around 40% + the pension fund after you have registered as a trader.

I hope some experts can help me.

 

[Marzio]

Var12 said:
Are you joking?
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If you register as a self employed you'll pay 5% flat tax up to 65k + 200€ / month social security up tp 15.600€ + 24% of the income over 15.600.

I know because a friend if mine is paying exactly that sum.

Ok, it's not 10% but it's more around 19% which i'd say is fair.

It will cost you more trying to optimize taxes with that level of income instead of paying taxes in Italy.

 

[Var12]

This is not the case but I exclude this possibility because I cannot do it.
Can anyone give me real advice?
How can I get paid without taking risks?
Thank you all

 

[JohnnyDoe]

Not paying taxes due always involves a risk.
If you don't want to use fake IDs, you can easily find people acting as nominees for little money. Especially in southern Italy. Split between a couple of different nominees and change them every year.

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[Sols]

EMIs are subject to CRS, so you're not getting any kind of secrecy that way.

If you don't want to pay Italian taxes, don't live in Italy.

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This is the probably the answer to your question.

 

[Var12]

Is there no solution to my question?

Yesterday I wrote to Wise, they continue to state that they do not exchange information, at least for now ..

 

[lostguy]

Var12 said:
Is there no solution to my question?

Yesterday I wrote to Wise, they continue to state that they do not exchange information, at least for now ..
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relocation is the most secure way to avoid any reporting or tax fraud. However, if that is not an option you need a complete anonymous company setup to deal with this. Still there is a 1% change left that they will catch you, so it is not the cheapest way compared to a free Wise account.

 

[Sols]

Var12 said:
Is there no solution to my question?

Yesterday I wrote to Wise, they continue to state that they do not exchange information, at least for now ..
Click to expand...

See this thread: Bitpanda and Common Reporting Standard

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This is the probably the answer to your question.