Client data reporting – CRS and FATCA

Dear client,

We would like to ask you for your cooperation in connection with the international sharing of information for tax purposes, known as CRS – Common Reporting Standards, or FATCA – Foreign Account Tax Compliance Act (for the USA).

We are obliged to provide foreign tax authorities with data on clients with ties abroad. This is imposed on us by International Treaty No. 2/2014 of the Collection of International Treaties, referred to as the “Convention on Mutual Administrative Assistance in Tax Matters” implemented by Act No. 164/2013 Coll., on international cooperation in tax administration, as amended.

If you are a tax resident of a state other than the Czech Republic, we will provide the respective authorities with information about you, i.e., in addition to your identification, in particular the amount of balances of your Sberbank accounts and the amount of credit interest credited for the given calendar year.

At the same time, it is necessary that you provide us with your identifier for tax purposes (tax identification number in the foreign state of your tax residence or in USA – if it was assigned to you).

On this page you can also confirm that you are a tax resident of the Czech Republic.

Please provide us the declaration as soon as possible, in 15 days since the delivery of our message at the latest.

If you have already provided your statement as reaction to prior request of the bank, given the data to be declared (tax residence, relationship to USA) have not changed in the meantime, you are not asked to repeat your reaction. 

Send a scan of the appropriate signed and completed forms according to the guide to crs@sberbankcz.cz

Step 1 – Choose your legal form here

Natural person

  • I am a citizen of the Czech Republic
  • I am a citizen of another state
  • I am a natural person – entrepreneur, self-employed person

Continue

Legal entity

I am acting on behalf of a legal entity

  • Legal entity of another legal form
  • Foreign legal entity

Continue

Step 2

I have some (any) personal relationship to USA

In exceptional cases, if you want to deny the relationship, please contact Your relationship manager or the call centre.

Download and fill in W-9 form

Country of my tax domicile is other than Czech Republic

Don't forget to fill in your foreign TIN (tax identification number) if it's assigned to you.

Step 2 - Do items of passive income (see below) constitute major part of revenues of the entity?

No

Download and fill in both forms:

Form of the U.S. Internal Revenue Service for FATCA purposes: W-8BEN-E Certificate of Status of Beneficial Owner for United States Tax Withholding nad Reporting (irs.gov)

Note: In the point 5 of the form, FATCA status has to be declared; based on the status chosen, it is necessary to fill-in subsequently the corresponding chapter of the form. E.g. when chosen "passive NFFE", the corresponding part is XXVI on the page 7 of the form.

Yes - and the ultimate beneficil owner(s) of the entity are tax domiciled in the Czech Republic

If the real owners of your company are visible in the Czech Commercial Register, you do not have to fill in anything.

Otherwise, please download and fill in the following forms:

Form of the U.S. Internal Revenue Service for FATCA purposes: W-8BEN-E Certificate of Status of Beneficial Owner for United States Tax Withholding nad Reporting (irs.gov)

Note: In the point 5 of the form, FATCA status has to be declared; based on the status chosen, it is necessary to fill-in subsequently the corresponding chapter of the form. E.g. when chosen "passive NFFE", the corresponding part is XXVI on the page 7 of the form.

Yes - and the ultimate beneficil owner(s) of the entity are tax domiciled elsewhere than in the Czech Republic

Please download and fill in the following forms.

Form of the U.S. Internal Revenue Service for FATCA purposes: W-8BEN-E Certificate of Status of Beneficial Owner for United States Tax Withholding nad Reporting (irs.gov)

Note: In the point 5 of the form, FATCA status has to be declared; based on the status chosen, it is necessary to fill-in subsequently the corresponding chapter of the form. E.g. when chosen "passive NFFE", the corresponding part is XXVI on the page 7 of the form.

Definitions

Tax Domicile

Tax domicile means obligation to tax one's worldwide income in a country. Tax domicile is defined by tax legislation and for people it relies on personal ties to a country - whereabouts, accommodation, employment / entrepreneurship, family, other social relations, citizenship. Tax domicile may, of course, change from time to time - if this is Your case, please state it explicitly. For entities, tax domicile is mostly based on the address of the seat (with exception e.g. of branches).

Passive Income

Passive income is a legal term defined in respective reporting legislation (FATCA, CRS). Generally, passive means that the income is not a result of an activity of the entity, but rather results from ownership of an asset, either tangible or intangible. Typically, rent, royalties and license fees, interest etc. represent passive income.

Other documents and information

Sberbank CZ follows CRS and FATCA rules and procedures for new accounts also with respect to pre-existing accounts. Sberbank CZ follows CRS and FATCA rules and procedures for pre-existing accounts of entities even if the accounts did not exceed 250,000 USD or equivalent as of the effective date.

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