George55 wrote on Sun Mar 24, 2024 7:12pm:
"such as"
So not a requirement to provide a tax return just something that would be deemed the equivalent of. After all, a tax return proves nothing from a bank account perspective especially if the income declared on the tax return never actually makes it to the bank account in question.
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But I'm in danger of ranting and I need to lower my blood pressure - must be time for a glass of Pinot.
(Please don't take any of my rantings personally - it's clearly whatever rules that are being applied which are nonsense rather than anything you've posted!)
Most countries, if not all, now have strict regulations against money laundering and all banks are required to show due diligence in combating this. Not nonsense at all. And you'll not it's only non residents that have to provide this. N26 being a German bank would come under the foreign status.
Like everything, legislation designed to catch the big boys also suck in Mr and Mrs Average, like the declaration of foreign assets in Spain. Several pop stars and footballers have been caught (and heavily fined) but it also affects those who just have a normal income as well.
Shakira got done for over 14 million euro in tax, Messi had to pay 2.1 million but it also gets Mr and Mrs Bloggs with a state pension and small private pension not declaring the pennies they get in interest.