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FATCA overview

Commercial Banking – China

The Foreign Account Tax Compliance Act (FATCA) is a new piece of legislation by the United States Department of Treasury and the US Internal Revenue Service (IRS) to counter tax evasion in the US. HSBC is committed to becoming fully FATCA-compliant in all countries where we operate in accordance with the legislative timeline.

In order to establish your tax status, we need to obtain certain documents. These documents are HSBC declarations and /or U.S. tax forms that will enable you to declare and confirm your tax status to us for the purposes of FATCA. We also need your formation documents, for example certificate of incorporation or similar document confirming your place of incorporation.

Please send the completed document to your Relationship Manager or hand them in to your local branch. Should you have problems printing the form(s) you need, please contact your local branch.

Please read the information carefully and select the document that is appropriate to your company. If you are unsure, you should seek advice from a tax advisor. HSBC cannot provide tax advice.

Link to W9

This is a link to the withholding certificate referred to as a ‘W9’ on the IRS website. This form is completed to confirm US tax status.

Link to W8

This is a link to the withholding certificates referred to as a ‘W8s’ on the IRS website. This is a series of forms that are completed to confirm non US tax status.

Non-Profit Declaration and additional notes

This is an HSBC form aimed at non-U.S. Club, Societies, Associations, Charities or non-profit organisations to sign in place of one of the U.S. W8 series tax forms. Please read the form carefully to ensure you meet the relevant conditions. If you are not satisfied that you meet the relevant conditions, then please alternatively select from the available U.S. tax forms (W-forms).

Active Non-Financial Foreign Entity Declaration and additional notes

This is an HSBC form aimed at non-U.S. trading businesses and companies, in place of one of the U.S. W8 series tax forms. Please read the form carefully to ensure you meet the relevant conditions. If you are not satisfied that you meet the relevant conditions, then please alternatively select from the available U.S. tax forms (W-forms).

(Page last updated November 2014)