StartCriminal tax lawVoluntary Self-DisclosureBorder Cash Controls

Cash and Document Controls at the Border

Money transfers and border controls: LHP Attorneys advise on the risks when crossing a border with cash. Obligations when crossing a border. Tax Authority and Customs Service. Banking documentationfor voluntary self-disclosures and crossing a border.

This is a serious issue for many investors with funds in a foreign country: Am I permitted to bring cash and associated documents from a foreign country into Germany? Will the Tax Authority be notified if I am checked? Our tax law specialists in Cologne would like to answer some of the questions frequently asked by our clients. Our tax law specialists and tax advisers are happy to assist with further questions. The current discussion around tax-evader-CDs, the taxation of capital income in foreign countries and tax treaties has caused many clients to ask whether it is safe to bring cash and documents from a foreign country into Germany - and which risks might entail by doing so. Comprehensive banking documentation is required to assess the tax-relevant values for a voluntary self-disclosure. Our clients are frequently faced with the following question: How can I bring the documentation required for a voluntary self-disclosure into Germany, without the authorities learning about the foreign investment, thereby raising an estoppel for the voluntary self-disclosure?

LHP Attorneys inform on cash and document controls at the border

1. Obligations when entering or leaving the European Union (external borders)

2. Duties when crossing borders within the EU

3. Where do checks take place?

4. Will a breach of the obligation to declare when crossing a border result in a prosecution?

5. Will the Tax Authority be notified by the customs officers?

6. What is the best way to bring banking documentation required for a voluntary self-disclosure into Germany?

7. What obligations must be observed when making a bank transfer?

LHP: Attorneys at Law, Tax Law Specialists, Tax Advisers PartmbB

Cologne

Theodor-Heuss-Ring 14, 50668 Cologne,
Telephone: +49 221 39 09 770

Zurich

Stockerstrasse 34, 8002 Zurich,
Telephone: +41 44 212 3535