Our compliance with FATCA in each country will be in accordance with any Intergovernmental Agreement (IGA) that a government has entered into with the United States for the purposes of FATCA and in accordance with local rules that may apply.The Foreign Account Tax Compliance Act (FATCA) is a United States federal law that was introduced to enable the Internal Revenue Service (IRS) to obtain detailed account information of US tax payers that invest and earn income through non U.S. For assistance in determining your US tax status or in completing the relevant tax forms, please visit the US IRS FATCA website, or seek professional tax or legal advice. ![]() Nothing on this page constitutes tax advice, but it does seek to draw attention to your responsibility in providing us with your accurate tax information. We may be obliged to apply a 30% withholding tax on certain US-sourced payments made to you. If you are requested to provide a FATCA form to establish your US tax status, please complete and submit the applicable FATCA form(s) as set out in the section ‘Download the FATCA forms’. Further, where circumstances require, we may request additional information and documentation from you. You may be requested to confirm your US tax status by submitting a FATCA form. ![]() Neither the Bank, nor any of the Bank’s employees, are able to assist in these matters. Once completed, submit the form(s) to your Relationship Manager or at one of the Bank’s branches in original or copy together with relevant supporting documents, if required.įor assistance in determining your US tax status or in completing the relevant tax forms, please visit the US IRS FATCA website, or seek professional tax or legal advice. Tax forms and complete the form that is most appropriate to you. Please refer to our overview of the Self-Certification and U.S. Further information on FATCAįor more information, please visit our FATCA FAQ. This reporting may be done directly to the IRS or via the financial institution’s local tax authority, depending on the rules in the country where the account is held. Based on this status, financial institutions may then need to report annually to the US tax authority (the Internal Revenue Service (“IRS”)) information about those clients and the accounts they hold. FATCA requires financial institutions outside of the US to collect information about their clients’ US tax status. Once completed, please submit the CRS form(s) to your Relationship Manager or at one of the Bank’s branches in original or copy together with any supporting documents (as indicated on the relevant Form and its accompanying instructions).įATCA is United States (“US”) legislation that came into effect in 2014 and that seeks to prevent tax evasion by US Persons through the use of accounts held outside the US. Please complete the form that is appropriate to you. The local tax authority may then exchange this information with the tax authority of any country in which you are tax resident, in accordance with relevant laws. Where the CRS reporting obligations arise, we may be further obliged to report information regarding financial accounts held by you to the local tax authority in the jurisdiction in which the financial account is maintained. ![]() If you do not provide a CRS form to us, we may, in certain circumstances, decline any requests for new accounts, decline to enter into any further transaction with you, and/or close your existing account(s) with us. Generally, all new clients are expected to provide a CRS form to open any financial account with us. This includes, in some cases, a new CRS form, even if you have submitted a form to us in the past. ![]() You may be requested to provide us with a CRS form(s) to confirm your country (or countries) of tax residence.
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