However, the specific case discussed here, did just that; applied the law retroactively to determine U.S. citizenship status of an individual and corresponding tax obligations. This was also in a time of a much simpler tax code with (i) no international information reporting requirements (e.g....
A withholding agent that is an FFI may provide a chapter 4 status certification other than as shown in Parts IX through XXVII in order to satisfy its due diligence requirements under an applicable IGA. In such a case, attach the alternative certifications to this Form W-8IMY in lieu of com...
As a result of this notification, the KYC (Know Your Client/Customer) requirements have been made stringent. From November 1, 2015, ALL NEW FINANCIAL ACCOUNTS require FATCA/CRS declaration. All fresh investments or switches in the existing FOLIO require FATCA/CRS declaration. NRIs have been cont...
IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this document is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties ...
Delay full implementation until January 1, 2016 of the rule requiring all FFI members of an "expanded affiliated group" to comply with applicable reporting requirements; Expand the list of "deemed-compliant FFIs" that do not need to enter into "FFI agreements" ...
Crown Dependencies and Overseas Territories (CDOT) requirements. It will also help to future proof information for OECD Global FATCA (CRS). NOTE: Irish funds are currently unable to request this information from an individual investor until legislation is enacted for CRS due to data protection ...