Foreign-Accounts-Tax-Compliance-Law (FATCA)
The Foreign Accounts Tax Compliance Act (FATCA), which came into force on July 1, 2014, requires that foreign financial assets owned by individuals with US status in foreign financial institutions operating outside the US be reported to the US Internal Revenue Service (IRS). Requires notification.
For real persons (who meet any of the following conditions);
His/her nationality is USA,
Place of birth is the USA,
The country of residence is the USA,
Green card ownership,
Having dual citizenship, one of which is the USA,
Having the TIN/SSN (Tax Identification Number/Social Security Number) number,
Having a US address or telephone number registered in our institution,
Having a US address or telephone number registered in our institution.
For legal entities (meeting all the following conditions);
The place of origin/establishment is the USA and there is no tax exemption in the USA,
Company partners with 25% or more shares must be a US person meeting the above criteria,
Having a US address or telephone number registered with our institution
Our Bank’s FATCA Information
Our bank has implemented the necessary procedures for compliance with the Foreign Account Tax Compliance Act (FATCA). The FATCA compliance status and GIIN numbers of our bank are as follows:
FATCA ID: KYA0H2
GIIN: KYA0H2.00000.LE.792
NUMBER TYPE: Reporting Model 1 FFI