Paxum, Payoneer - reporting accounts

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  • CamX
    Confirmed User
    • Oct 2011
    • 44

    #1

    Paxum, Payoneer - reporting accounts

    Automatic exchange of (tax) information starts from 2016. All your worldwide bank accounts will be reported to the country of your residency. But what about e-wallets? Will it be shared too?
  • CPA-Rush
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    • Mar 2012
    • 4927

    #2
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    • CaptainHowdy
      Too lazy to set a custom title
      • Dec 2004
      • 94733

      #3
      I don't know ...

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      • CAHEK
        C.C.C.P.
        • Aug 2003
        • 7413

        #4
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        • faxxaff
          Confirmed User
          • Dec 2002
          • 2134

          #5
          Originally posted by CamX
          Automatic exchange of (tax) information starts from 2016. All your worldwide bank accounts will be reported to the country of your residency. But what about e-wallets? Will it be shared too?
          They are shared already when required by law. The only new thing is the fact that offshore tax havens will provide information to onshore countries under a wider variety of circumstances.
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          • Fat Panda
            Porn is Dead. Move along.
            • Aug 2006
            • 13296

            #6
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            • $money$
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              • Nov 2015
              • 1416

              #7
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              • livegirlsonbed
                Confirmed User
                • Apr 2006
                • 487

                #8
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                • Chris
                  Too lazy to set a custom title
                  • May 2003
                  • 27880

                  #9
                  As far as we are aware this does not change how we currently operate. If anything does change our clients will be first to know.

                  As you all know you should be reporting all your income you make on your taxes including income you have with us.

                  Regards
                  Chris
                  [email protected]

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                  • sadiedazzle
                    Confirmed User
                    • Apr 2011
                    • 972

                    #10
                    This what payoneer says on their site:
                    Does Payoneer charge/report taxes?

                    Please note that Payoneer cannot be fluent in all tax related issues in each country, and you are therefore responsible for reporting to all applicable government tax authorities the earnings received and funded to your Payoneer Account. In addition, you are responsible for reporting the payments of any applicable local, state, province, and /or federal, domestic or international taxes that apply to such earnings.

                    Payoneer strictly adheres to all online payment regulations, and should a Payoneer Account holder be eligible/required to receive tax forms from Payoneer, we contact the account holder with additional information. We also recommend that you check with your Payoneer mass payout company for further information.


                    It doesn't sound like they report income. Source of your information?

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                    • Andreweb
                      Confirmed User
                      • Mar 2013
                      • 2431

                      #11
                      Its better to pay your damn taxes and have no troubles !
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