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FATWA DECLARATION AND DETAILS FOR INDIVIDUALS (PLEASE SEEK ADVICE FROM A TAX PROFESSIONAL ON ANY FATWA ASPECTS) Investor NamePANFolio / Application No. Sole/ First ApplicantSecond ApplicantThird Applicant
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How to fill out fatca declaration and details

01
Read the instructions carefully before filling out the FATCA declaration form.
02
Provide your personal information such as name, address, and social security number.
03
Indicate your tax residency status and provide details of your foreign financial accounts.
04
Include any additional information required by your financial institution.
05
Double-check all the information provided to ensure accuracy.
06
Sign and date the form before submitting it to your financial institution.

Who needs fatca declaration and details?

01
Any individual or entity that meets the criteria set by the Foreign Account Tax Compliance Act (FATCA) needs to fill out and provide FATCA declaration and details.
02
This includes US citizens, US tax residents, and foreign individuals or entities with financial accounts or investments in the United States.
03
Financial institutions and certain non-financial foreign entities also need to comply with the FATCA requirements.
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Fatca declaration is a form that requires U.S. taxpayers to report their financial accounts held outside of the country. It is part of the Foreign Account Tax Compliance Act (FATCA).
U.S. citizens, resident aliens, and certain nonresident aliens must file the FATCA declaration if they meet the specified criteria.
The FATCA declaration can be filled out electronically through the IRS website or manually by submitting the appropriate forms.
The purpose of the FATCA declaration is to combat tax evasion by ensuring that U.S. taxpayers report their foreign financial accounts.
Taxpayers must report the maximum value of their foreign financial accounts, as well as the details of any foreign income or assets.
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