Foreign Account Tax Compliance Act (FATCA)
The Foreign Account Tax Compliance Act (FATCA) is a new U.S. tax law whose objective is to reduce or eliminate U.S. tax evasion by U.S. taxpayers who maintain financial accounts outside the United States or invest offshore through non-U.S. entities. This new law impacts all non-U.S. organizations, including sovereign governments, any integral part thereof, their agencies or instrumentalities, and any wholly-owned entities. This section of the site will introduce you to FATCA and help you furnish the appropriate U.S. tax documentation, even if you have not previously needed to furnish any tax certification to Citi.
Important Information
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NEW! - Citi has developed a combined FATCA/CRS self-certification that can be submitted in lieu of a Form W-8
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To help our clients complete the appropriate IRS Tax Form, Citi has provided access to an online tool which is available by clicking the button below and entering registration code UD9$5K
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In order to receive a refund of interest withheld during the current calendar year due to the fact that TTS did not have a valid IRS Tax Form W-8 or W-9 on file, please submit Affidavit of Unchanged Status along with your IRS Tax Form to the email address indicated on our FATCA Country Contact site.
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For refunds for prior years, please access the IRS form 1120-F and instructions for submission to the IRS.
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For comprehensive information on how you may be affected by FATCA, please reference our FAQs - FATCA Impact on Undocumented Accounts.
Translated FATCA Tax Form Information
We offer the FATCA translated tax forms and instructions; in several languages to help our clients in completing the English versions. Please note the English version of these forms must be submitted in order for them to be accepted and validated.
Please find Spanish versions of all documents below.
FATCA Country Details and Contacts for FATCA Pre-Existing Account Due Diligence
We offer our Citi Treasury and Trade Solutions ("TTS") clients the information below to assist with the submission of IRS Tax Forms and consent for accounts opened prior to January 1, 2015, also known as Pre-Existing Account Due Diligence. Tax form submission for new accounts will be addressed as part of your account opening process.
For any FATCA related questions please email FATCACustomerServ.Inquiries@citi.com. We cannot provide specific tax advice, but our team is ready to help you through this process.
To help in understanding FATCA Pre-Existing Account Due Diligence, please reference the guide What Clients Need to Know, our Citi webinar and our Pre-existing account due diligence FAQ.
FATCA Pre-Existing Account Due Diligence
Country IRS Tax Form Submission, Consent Letters, Client Legal Entity Detail:
Countries marked with an * require the same version of the consent letter. Legal Entities with accounts in these countries only have to submit ONE consent letter accounts in these countries.
Unless otherwise noted, tax forms and consent letters should be emailed to the same address noted below.
For TTS parent clients - to request a copy of your Client Footprint email FATCACustomerServ.Inquiries@citi.com
(1) A number of countries have requirements for client consent that goes beyond a request for tax documentation for pre-existing accounts. These consents are required either due to intergovernmental agreements with the U.S. or due to local law and they are necessary to allow for the use of tax forms to classify existing accounts, and report and/or withhold tax on interest paid to non-compliant client's, if applicable.
The list of countries above indicates whether or not the country requires a consent letter along with a U.S. tax form under FATCA. Where indicated above, if clients have a legal entity in the country they sign and return the provided consent letter along with their tax form.
(2) Citi is providing parent entities with a global Client Footprint containing FATCA details for their legal entities. Due to data privacy restrictions, certain countries do not allow accounts in their country to be included in the global Client Footprint. FATCA legal entity detail in these countries can be requested using the email in the list above.
Translated FATCA Tax Forms
We offer the FATCA translated tax forms and instructions in the following languages to help our clients in completing the English versions.
Please note that the English version of these forms must be submitted in order for them be accepted and validated.
Please find Spanish versions of all documents below.
| English FATCA Forms: | |||||
|---|---|---|---|---|---|
| W-9 | W-8BEN | W-8BEN-E | W-8IMY | W-8EXP | |
| Form | Instructions | Form | Instructions | Form | Instructions | Form | Instructions | Form | Instructions | |