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FATCA overview

Commercial Banking – Russia

The Foreign Account Tax Compliance Act (FATCA) is a new piece of legislation by the United States Department of Treasury (Treasury) and the US Internal Revenue Service (IRS) to counter tax evasion in the US. HSBC is committed to being fully FATCA compliant in all countries where we operate, in accordance with the legislative timeline. This means that HSBC may need to provide information on US accounts to the United States tax authority, the Internal Revenue Service (IRS).

In order to establish your tax status, we need to obtain certain documents, which will enable you to declare and confirm your tax status to us for the purposes of FATCA. Please complete and sign the following declaration to provide HSBC with the FATCA classification of your entity. Should you wish to complete an IRS tax form for FATCA classification purposes, for the legal entity for which you are doing business with HSBC, please complete and return a IRS form (current W-8 or W-9) indicating your tax status.

We also need your formation documents, for example, your certificate of incorporation or a similar type of document confirming your place of incorporation.

Please send the completed documents to us at this address: 2 Paveletskaya Square, Building 2, Moscow, 115054, Russian Federation; or hand them in to the team at your local branch. Should you have problems printing the forms 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.

W-9 form: This is the withholding certificate referred to as a ‘W-9’ on the IRS website. This form is completed to confirm US tax status.

W-8 forms: This is a link to the withholding certificates referred to as ‘W-8s’ on the IRS website. This is a series of forms that are completed to confirm non-US tax status.

In order to provide customers with further support when completing IRS W forms, we have provided some additional customer guidance for the forms W-9 and W-8BEN-E.

(Page last updated September 2017)