Question about AEOI

[bpbbloaob1]

Hi, some of you probably know about the looming implementation of Automatic Exhcange of Information between european (and not only) countreis. According to the video provided below the shared information will only include account balance at the end of the year and the gross investment income and that's all.


Does this mean that the transactions will not be reported? And if by the end of the year I have zero balance on the account, even though I had non zero balance throughout the year, all the data provided will be account number, name etc. and the balance of ZERO EUR, USD or whatever the currency I use?

Anyone knows?

 

[JohnLocke]

Well, I know for sure now that if you hold stocks in country A and‌ you live in country B (both European countries) then every profit you have made (also‍ if all your stocks are sold) get reported to country B.

 

[void]

What does 'the gross investment income" actually mean?

 

[bpbbloaob1]

So, if I don't make any income and just transfer money through bank, only⁤ my zero balance will be reported it seems

 

[void]

anybody can explain?
I understand it as income produced by the funds itself (like interests) but‌ I'm not sure

 

[Dubsize]

Hey,
I think you're mistaking - they will report all activity in the account. Meaning‌ : Incoming and outgoing wires.

 

[bpbbloaob1]

This is what I found‍ is reported:

It looks like it︂ doesn't include in and out transactions.

 

[void]

4.-6. are still a bit unclear to me - every single transaction is not reported‌ nowadays for sure - but do they share the turnover (I mean the sum of‍ incoming funds)?