FATCA is the acronym for Foreign Account Tax Compliance Act enacted by the US Government as part of the Hiring Incentives to Restore Employment (HIRE) Act, in 2010.The purpose of FATCA is to help Internal Revenue Service (IRS) to identify and collect tax from US Persons (USP) holding ...
6.Our principal business activity is: We certify that the information on this form is accurate. If at any time, a change in circumstances occurs that causes any of the certifications ‘1’ to ‘6’ above to become no longer true, we will inform Hang Seng Bank (China) Limited within 30...
FATCA Form中文释义 RESTRICTED 主动的非金融外国实体FATCA 声明
Indicias have complete Singlife "U.S. Person Declaration Form" to declare whether he/she is a U.S. person, and provide the completed relevant IRS Form (W-9 or W-8BEN or W-8BEN-E) together with the satisfactory documentary evidence (if applicable). The U.S. indicias are: Are you a...
Substitute Form W-8BEN-E (applicable to Active Non-Financial Foreign Entities) :This is an HSBC form, aimed at trading businesses and companies which are a Hong Kong tax resident only , to sign in place of one of the US W-8 series tax forms for the purpose of trading US stocks. Pleas...
FATCA's primary aim is to prevent tax evasion by U.S. persons holding financial assets outside the United States. The law requires foreign financial institutions (FFIs) to report information about financial accounts held by U.S. taxpayers or foreign entities with substantial U.S. ownership. Ke...
? Your?Permanent?Residence?Address?is?the?address?of?where?you?are?treated?as?resident?for?tax?purposes,?or,?if?not?applicable,?the?address?of?your? principal?office? We?hereby?certify?that,?for?purposes?of?chapter?4,?subtitle?A,?sections?1471?through?1474?of?the?United?States?Internal?
There are numerous important factors involved in reporting foreign financial assets to the IRS. To ensure that you are not unnecessarily exposing yourself to an audit or investigation, it is critical that you carefully adhere to the reporting requirements that are applicable to your particular offshor...
Yes. Everyone liable to pay tax in the US should declare their worldwide income on their IRS tax return and complete the FATCA forms that are applicable to them. The IRS will crosscheck the information against reports made by FFIs.
While the primary goal of FATCA is to gain information about U.S. persons, FATCA imposes a punitive withholding tax where the applicable documentation and reporting requirements are not met. Scope of FATCA FATCA is far-reaching and can impact any U.S. or foreign persons, to the extent that...