The “Foreign Account Tax Compliance Act” (FATCA) of the United States of America
(U.S.A.) pertains to all foreign financial institutions and requires from them to:
(a) identify their Clients with US tax liability;
(b) report to the competent U.S. Authorities information about such Clients and assets they hold; and
(c) withhold-pay tax at a rate of 30% in certain cases of Clients who are deemed as non-cooperating.
Alpha Bank Cyprus Limited, in the framework of complying with the aforementioned Act, will apply the required procedures of identifying, checking and reporting both existing and new Clients or withholding tax, where deemed necessary.
The Bank has registered with the Internal Revenue Service (IRS) of the U.S.A. as a Reporting Model 1 FFI and has obtained the following identification number:
Global Intermediary Identification Number (GIIN): 8SX8LI.00005.ME.196
FATCA - Frequently Asked Questions