Obligations of TBI Bank JSC under FATCA are in accordance to the Law on Ratification of the Agreement between the Government of the Republic of Bulgaria and the Government of the United States of America for improving the tax compliance internationally and enforcement of Foreign Account Tax Compliant Act (FATCA), adopted by the US Government on 18.03.2010.
Essentially, FATCA represents a legal requirement to foreign financial institutions, including all Bulgarian financial institutions, to identify US taxpayers among its customers and to provide information to US tax authorities on supported by them financial accounts, including accounts of foreign legal entities that are controlled by US taxpayers.
In order to be considered as compliant with FATCA, financial institutions in the country should register with the Internal Revenue Service of the United States (IRS) and acquire a Global Intermediary Identification Number (GIIN) code.
TBI Bank JSC is registered on the website of the IRS with FATCA status of a participating financial institution under Reporting Model 1 FFI and has assigned GIIN code: ABQT26.99999.SL.100 (and TBI Bank JSC – Romania Branch GIIN code is: ABQT26.99999.BR.642).
Obligations of TBI Bank JSC under FATCA are in accordance to the Law on Ratification of the Agreement between the Government of the Republic of Bulgaria and the Government of the United States of America for improving the tax compliance internationally and enforcement of Foreign Account Tax Compliant Act (FATCA), adopted by the US Government on 18.03.2010.
Essentially, FATCA represents a legal requirement to foreign financial institutions, including all Bulgarian financial institutions, to identify US taxpayers among its customers and to provide information to US tax authorities on supported by them financial accounts, including accounts of foreign legal entities that are controlled by US taxpayers.
In order to be considered as compliant with FATCA, financial institutions in the country should register with the Internal Revenue Service of the United States (IRS) and acquire a Global Intermediary Identification Number (GIIN) code.
TBI Bank JSC is registered on the website of the IRS with FATCA status of a participating financial institution under Reporting Model 1 FFI and has assigned GIIN code: ABQT26.99999.SL.100 (and TBI Bank JSC – Romania Branch GIIN code is: ABQT26.99999.BR.642).
Obligations of TBI Bank JSC under FATCA are in accordance to the Law on Ratification of the Agreement between the Government of the Republic of Bulgaria and the Government of the United States of America for improving the tax compliance internationally and enforcement of Foreign Account Tax Compliant Act (FATCA), adopted by the US Government on 18.03.2010.
Essentially, FATCA represents a legal requirement to foreign financial institutions, including all Bulgarian financial institutions, to identify US taxpayers among its customers and to provide information to US tax authorities on supported by them financial accounts, including accounts of foreign legal entities that are controlled by US taxpayers.
In order to be considered as compliant with FATCA, financial institutions in the country should register with the Internal Revenue Service of the United States (IRS) and acquire a Global Intermediary Identification Number (GIIN) code.
TBI Bank JSC is registered on the website of the IRS with FATCA status of a participating financial institution under Reporting Model 1 FFI and has assigned GIIN code: ABQT26.99999.SL.100 (and TBI Bank JSC – Romania Branch GIIN code is: ABQT26.99999.BR.642).
