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Helios - AFP VS is a reporting form for financial institutions that hold assets in the United States and have foreign persons as account holders.
Financial institutions that hold assets in the United States and have foreign persons as account holders are required to file Helios - AFP VS.
Helios - AFP VS can be filled out electronically through the designated online portal provided by the regulatory authorities. The form requires various information about the financial institution, account holders, and the assets held.
The purpose of Helios - AFP VS is to report information about financial accounts held by foreign persons to ensure compliance with tax laws and combat tax evasion.
Helios - AFP VS requires reporting of information about the financial institution, account holders, the value of assets held, income earned, and any applicable withholding tax.
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