The list of Societe Generale group’s financial institutions registered to American authorities regarding FATCA and that mentions their Global Intermediary Identification Number (GIIN) is updated monthly on this website. Societe Generale group has complied with FATCA regulatory obligations in every country in which it is based. Societe Generale group ’s position regarding FATCA The refusal, by non-US financial institutions or clients to respect these obligations is sanctioned by the application to them of a 30% withholding tax on certain US-source income. Other financial institutions located in countries that did not sign an agreement like Monaco or most countries in Africa apply the whole of FATCA rules, called Final Regulations, and are in direct contact with the IRS. In IGA Model 2: financial institution located in countries like Switzerland or Hong Kong apply hybrid rules and depend on their local authorities and the IRS. In IGA Model 1: financial institutions located in countries such as France or the United Kingdom apply local rules and are in contact with their local authorities To reduce local declarative burdens, more than 100 countries have signed or are committed to sign a bilateral agreement ( "Intergovernmental Agreement" - IGA) which can take two forms: The obligations contained in the regulation depend on the country in which the financial institution is located. The latter must identify U.S persons and declare them on an annual basis to the American tax authority, the IRS (Internal Revenue Service), to allow an automatized cross-check with their individual tax declarations. This page provides an overview provides an overview of the tax residency rules applicable in jurisdictions.FATCA regulation is exterritorial: it applies outside the United States to a broad scope of financial institutions including banks but also investment funds, asset managers and life-insurance companies. This page provides an overview on Tax Identification Numbers ('TIN') or their functional equivalents. Please follow the instructions on the page itself. 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). For your convenience, please find below some useful links. ![]() If you have any questions about how to complete this form or how to determine your tax residency or status, please contact your tax advisor. Please make sure that you use the correct IRS W-8/ W-9 form.Īs a financial institution, we are not allowed to provide tax advice. You can find the IRS W-8/W9 forms by scrolling to the header ‘Accountholders’. ![]()
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