Hi
My experience with them so far maybe its somehow useful:
So I just signed up with Revolut last week, personal, all real info, very easy - drivers license + face image via app. Transferred about 1600$ from Paypal, no problems, tried to transfer to my personal bank acc in Northern EU, nothing happened for 6 days, finally, I tried to contact them and saw that they requested more info about the receiver, gave them very superficial answer, they said all good I can try again, tried again got refunded, by that time I've got credit card by mail so withdrew at atm about 1300$ all at once.
Their chat support is horrible, flipped out on them a couple of times already.
What does Revolut report to my tax man? Is it yearly revenue or balance at the end of the year?
black2 said:What does Revolut report to my tax man? Is it yearly revenue or balance at the end of the year?
They will report your account balance to the tax man. Forget about tax free banking there unless you are using darks and can bypass the video verification.
You want to expect Revolut account balance to show up on your next tax declaration for 2020.
They are registered as a bank now so they have all kind of compliancy in place to report you and your account balance.
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