information

[donald bathe]

would i find information like fatca but for canada/australia/new zealand where a government website for each respective country explains whether or not legal permanent residents of those countries who are not citizens i remind you must declare offshore bank accounts???? does anyone know.

 

[dotbloup]

donald bathe said:
would i find information like fatca but for canada/australia/new zealand where a government website for each respective country explains whether or not legal permanent residents of those countries who are not citizens i remind you must declare offshore bank accounts???? does anyone know.
Click to expand...

The reporting depends on the fiscal residency. If someone is a fiscal resident in the US and have a bank account at RBC , he will be reported to the US. One who has an offshore PERSONAL bank account has to report it to its own country (Canada, Australia, New Zealand).
Nobody can do anything about it. I have already provided the link before, in one answer.

 

[andreas]

dotbloup said:
Nobody can do anything about it. I have already provided the link before, in one answer.
Click to expand...

panama papers

 

[donald bathe]

dotbloup said:
The reporting depends on the fiscal residency. If someone is a fiscal resident in the US and have a bank account at RBC , he will be reported to the US. One who has an offshore PERSONAL bank account has to report it to its own country (Canada, Australia, New Zealand).
Nobody can do anything about it. I have already provided the link before, in one answer.
Click to expand...

then where could i find information about citizens of el salvador living in el salvador having to report such fiscal activity if you will like in some first world country then? if i was born and live in el salvador, would i have to report an offshore bank account to my government or not? cannot find such information online like on some el salvador government website! rsvp

 

[dotbloup]

donald bathe said:
then where could i find information about citizens of el salvador living in el salvador having to report such fiscal activity if you will like in some first world country then? if i was born and live in el salvador, would i have to report an offshore bank account to my government or not? cannot find such information online like on some el salvador government website! rsvp
Click to expand...

Normally your bank should send you a letter asking you to confirm your fiscal residency. That's how it works.

 

[donald bathe]

dotbloup said:
Normally your bank should send you a letter asking you to confirm your fiscal residency. That's how it works.
Click to expand...

im saying the government not the bank! rsvp

 

[adoffshore]

donald bathe said:
then where could i find information about citizens of el salvador living in el salvador having to report such fiscal activity if you will like in some first world country then? if i was born and live in el salvador, would i have to report an offshore bank account to my government or not? cannot find such information online like on some el salvador government website! rsvp
Click to expand...

Strange what is the name of the IRS in el salvador?

 

[AlicaFunk]

dotbloup said:
Normally your bank should send you a letter asking you to confirm your fiscal residency. That's how it works.
Click to expand...

I had to explain that to my agent that opened my account. was a single line that's it.

 

[suzy]

AlicaFunk said:
I had to explain that to my agent that opened my account. was a single line that's it.
Click to expand...

You simply put it in the reply to your agent right? 😉

 

[alemagno]

if the bank has sent you such a letter and you confirmed your fiscal residency with blacks - for instance as resident of the EU country where you are banking ? ( but you are in reality fiscally resident in a different country outside of EU)
What happens next when the bank is reporting you to the EU country where you have a fictitious residency ?

 

[MoneyMiner]

You have to pay tax!

 

[alemagno]

@MoneyMiner great... but where ?