CRS and FATCA
Foreign Account Tax Compliance Act (''FATCA''), which focuses on the reporting of financial account information with respect to U.S. taxpayers, and the OECD Common Reporting Standard (“CRS”), a global standard for the automatic exchange of financial account information.
CRS and FATCA Forms
The U.S. Foreign Account Tax Compliance Act (FATCA) and the OECD Common Reporting Standard (CRS) require financial institutions such as Evander Group and its affiliates acting for themselves and for all branches and subsidiaries of Evander Group. To collect and report tax related information about its clients (Account Holders) and their accounts held. If the Account Holder or any of its Controlling Persons have a tax residence outside the country where the account is held or is a U.S. Person, Evander may be legally obligated to pass on the information provided in this form, as well as other financial information with respect to any Financial Account held with our institution to the tax authorities, for transmission to the relevant competent foreign tax authorities pursuant to intergovernmental/multilateral agreements. Please visit www.irs.gov/fatca and www.oecd.org for more information.
Please follow the instructions on the self-certification form carefully, as incorrect or incomplete information may result in the data on the self-certification forms and relevant information on your accounts being incorrectly reported to tax authorities.
Both FATCA and CRS require global financial institutions, such as ING, to identify customers who hold accounts directly or indirectly in countries where they are not tax residents. Financial institutions do this by asking customers to complete a document called a ‘self-certificate’.
Financial institutions must report certain information provided by account holders to their local tax authority, who will pass this to the tax authority of the country where any reportable persons associated with the account are identified as tax residents.
For FATCA for example, this will mean sharing US taxpayer information from a jurisdiction's tax authorities with the United States tax authority (IRS) and vice versa
A self-certificate contains all the information needed by Evander Group to identify and report a customers fiscal information to the local tax authority, via which they forward this information to the respective local tax authority.
Self-certificates may differ depending on the country / business asking for the information.
Evander Group will require customers to complete a self-certificate either when customers start a new relationship with Evander Group or when any reportable information held in an existing account changes.
If you move your primary tax residence a new form will be required.
The information collected differs for individuals and entities.
Information required from private individual account holders or controlling persons of a legal entity customer:
- Name
- Residence address
- Date of birth
- Country(ies) and Jurisdiction(s) of tax residence
- Taxpayer identification number with respect to each tax residence(s) (if any)
Information required from legal entities:
- Name
- Registered address
- Country(ies) and Jurisdiction(s) of tax residence
- Taxpayer identification number with respect to each tax residence(s)
- Entity Type
- Controlling Person Type (associated to certain legal entity types)
In addition to this, Evander Group will need to report the account balance or value as well as any paid interest or credits in the account for the calendar year by 31 December.
The information collected differs for individuals and entities.
Information required from private individual account holders or controlling persons of a legal entity customer:
- Name
- Residence address
- Date of birth
- Country(ies) and Jurisdiction(s) of tax residence
- Taxpayer identification number with respect to each tax residence(s) (if any)
Information required from legal entities:
- Name
- Registered address
- Country(ies) and Jurisdiction(s) of tax residence
- Taxpayer identification number with respect to each tax residence(s)
- Entity Type
- Controlling Person Type (associated to certain legal entity types)
In addition to this, Evander Group will need to report the account balance or value as well as any paid interest or credits in the account for the calendar year by 31 December.
CRS & FATCA Forms
Individual Self Certification Form
Entity Self Certification Form
For legal arrangements that involve 6 or more natural persons.
US - IRS Forms
You can find the IRS W-8/W9 forms by scrolling to the header ‘Accountholders’.
Please make sure that you use the correct IRS W-8/ W-9 form.
Useful Tax links
TIN (EU Only) online check module
The online check module confirms whether the structure of the TIN (of a natural person) that you enter is valid (types and number of characters). Please follow the instructions on the page itself.
OECD overview of TINs per jurisdiction
This page provides an overview on Tax Identification Numbers ('TIN') or their functional equivalents.
OECD overview of Tax Residency rules
This page provides an overview provides an overview of the tax residency rules applicable in jurisdictions.
