In order to implement an effective system of detecting, preventing and suspending tax evasion by USA citizens and tax residents through direct or indirect placement of funds outside the jurisdiction of the USA through non-US financial institutions (FFIs), The Foreign Account Tax Compliance Act (FATCA) was enacted, which is a legislative act of the USA government. FATCA was enacted on July 1, 2014 and adopted in March, 2010.
In February, 2017, an intergovernmental agreement was signed between Ukraine and the United States of America to improve tax compliance and to apply the provisions of the U.S. Foreign Accounts Tax Law (FATCA).
The Intergovernmental Agreement was ratified on October 29, 2019 in accordance with the Law of Ukraine approved by The Verkhovna Rada (Parliament) of Ukraine "On ratification of the Agreement between the Government of Ukraine and the United States of America Government to improve the implementation of tax rules and the application of the provisions of the US Foreign Accounts Tax Law (FATCA)"
JSC BANK ALLIANCE recognizes the importance of FATCA and meets its requirements.
JSC BANK ALLIANCE is registered by the US Taxation Service with the FATCA Participating FFI status with Registration Number (GIIN): 126HR6.99999.SL.804 and takes all steps to comply with FATCA requirements.
Ukraine is one of the countries that have reached an agreement on an intergovernmental agreement and is considered by the USA to be a model 1 country.
For a list of forms and detailed requirements for filling them out, visit the official website of the US Treasury Department's Internal Revenue Service https://www.irs.gov/.
In accordance with the requirements set out in § 1.1441-1 (e) (4) (IV) B) of the US Treasury Interpretation, the filing and transfer of certificates may be done electronically in PDF format.
If you have any questions, please write on e-mail: FATCA@alliancebank.org.ua
The bank's W8 form is available:
