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FATCA overview

Commercial Banking – Spain

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.

In Spain, the principles of FATCA have been brought into our local law. This means that HSBC may need to provide information on US accounts to the local tax authority, the Agencia Estatal de Administración Tributaria (AEAT).

In order to establish your tax status, we need to obtain certain documents. These documents are US tax forms that will enable you to declare and confirm your tax status to us for the purposes of FATCA.

Please send the completed documents to us at this address: HSBC Bank plc, Plaza Pablo Ruiz Picasso, 1, Torre Picasso Planta 33, 28020 Madrid, Spain; or hand them in to your relationship manager. Should you have problems printing the forms you need, please contact your relationship manager or call us on +34 91 456 6100.

Please read the information carefully and select the document that you need to confirm your tax status to us.

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, W-8BEN and W-8BEN-E.

(Page last updated July 2014)