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77. . . / /. / : : Fax :. / : :. 37 101 65 210 3338 206 DPGF elk
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What is fax - minfin?
Fax-minfin stands for Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) which requires financial institutions to report information on foreign account holders to the tax authorities.
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Financial institutions such as banks, investment funds, and insurance companies are required to file fax-minfin.
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Financial institutions need to collect information on foreign account holders, including their account balances, interest, dividends, and other income, and report this information to the tax authorities.
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The purpose of fax-minfin is to help the tax authorities identify and track foreign account holders who may be evading taxes by hiding income offshore.
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Information such as account balances, interest, dividends, and other income earned by foreign account holders must be reported on fax-minfin.
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