This classification helps determine the extent of their reporting requirements and the penalties for non-compliance. In this essay, we will discuss the various categories of FFIs under FATCA and the requirements associated with each category. The first category of FFIs under FATCA is the ...
The application of the FATCA rules mean that in many cases a trust is treated as a Foreign Financial Institution (FFI) (seeglossary) in its own right and the responsibilities for the due diligence classification and documentation, and reporting will remain with the trust but the trustee will in...
HSBC is not able to provide tax advice in respect of this process or for FATCA classification purposes. Who do we need to report under FATCA? We are required to report certain information on accounts held by Specified US Persons. This includes accounts held by U.S. citizens and U.S. ...
Please tick one of the following boxes below (Refer to Appendix II for definition of each classification). 財務機構 Financial Institution 託管機構,存款機構或指明保險公司 Custodial Institution, Depository Institution or Specified Insurance Company 投資實體,但不包括由另一財務機構管理(例如:擁有酌情權管理...
CRS Classification CRS 類別 Please tick one of the below categories as appropriate: 下列類別中,請視法人狀態勾選一項適用之選項: a) Financial Institution – other than a Professionally Managed Investment Entity (e.g. a fund), tax resident in a Non-Participating Jurisdiction under...
(FATCA 身份类别为 15-W-8BEN-E - Excepted nonfinancial entity in liquidation or bankruptcy) (6) NFEs that are liquidating or emerging from bankruptcy; 账户持有人属清算中或破产的非金融机构法人。 □ 4. The Account Holder is a financial institution and agrees to provide the GIIN, or if the ...
PUBLIC FATCADeclarationforActiveNon-FinancialForeignEntities 主動非金融外國法人FATCA聲明書 CustomerName 客戶名稱 CustomerGUINumber 客戶統一编號 CustomerAddress 客戶地址 Weherebycertifythat,forpurposesofchapter4,subtitleA,sections1471through1474oftheUnitedStatesInternal RevenueCodeof1986(theprovisionscommonlyreferredtoa...
2. We?are?not?a?financial?institution?(see?notes)? 3. Less?than?half?of?our?gross?income?for?the?last?calendar?year?is?passive?income?(see?notes)? 4. Less?than?half?of?our?assets?are?assets?that?produce?or?are?held?for?the?production?of?passive?income?(calculated? as?a?weighted?
the IRS Audit Classification Handbook, accountants' role in criminal tax cases, corporate criminal tax issues, and money laundering and currency violations. ... R Fink 被引量: 0发表: 2018年 The Impact of the Foreign Account Tax Compliance Act (FATCA) and the Korea-U.S. Intergovernmental Agree...
even for a simple corporate structure. To take FATCA classification as an example, an organisation or individual must understand each FATCA classification type — including Participating Foreign Financial Institution, Registered Deemed Compliant Foreign Financial Institutions, Sponsoring Entity, Limited FFI or...