Will Revolut report to my company's tax institutions?


#1

Hi!

I have a question regarding the information security policies.

There is a huge hype in my country’s mass media about the new rules, by which, all our local banks have to report full info about client’s transactions if client’s yearly income is bigger than 15K euros.
And “people say” that out country’s tax collecting expect foreign banks to report too.
What are the policies in this regard?

For example, if i sell a hand-made bracelet on ebay for 100 euros and receive the money to Revolt - is it possible, that my country’s tax institution’s imps will receive info from Revolut and come knocking my door?

The question isn’t about any kind of laundering and financing of course.