If an offshore company in a EU/CRS jurisdiction (Cyprus) has appointed an individual director who's a tax resident of a non CRS country (Armenia) does this mean that according to Exchange relationships - Organisation for Economic Co-operation and Development there'll be no information exchange at all? Or does it mean there's no an automated IE but upon a request it might be provided?
Quick CRS question
- Thread starter dodgeviper
- Start date
It can be provided upon request.
If company is a Cyprus resident, it will be reported to Cyprus Tax authority if bank account of this company will be out of Cyprus.
Does a director have a tax residency certificate from Armenia?
If company is a Cyprus resident, it will be reported to Cyprus Tax authority if bank account of this company will be out of Cyprus.
Does a director have a tax residency certificate from Armenia?
Banks report for CRS. I don't see any mention of where bank is? Who has signatory over the bank accounts etc etc?
The bottom line is everybody the bank is aware of that is related to the company (including UBO) and is resident in a CRS country gets the information reported to their respective CRS country.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
The bottom line is everybody the bank is aware of that is related to the company (including UBO) and is resident in a CRS country gets the information reported to their respective CRS country.
Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.