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CITY OF FLINT FINANCE DEPARTMENT DIVISION OF PURCHASES AND SUPPLIES City Hall 1101 S. Saginaw Street, M203 Flint, Michigan 48502 (810) 7667340 FAX (810) 7667240 www.cityofflint.com TDD 7667120Dr.
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What is f i n a?
FINA stands for Financial Information Automatic Exchange. It is a system for the automatic exchange of financial account information between tax authorities to combat tax evasion.
Who is required to file f i n a?
Financial institutions such as banks, investment entities, and certain insurance companies are required to file FINA.
How to fill out f i n a?
FINA reporting is done electronically through a secure portal provided by the tax authorities. Financial institutions need to upload the required financial account information.
What is the purpose of f i n a?
The purpose of FINA is to increase transparency and combat tax evasion by ensuring that financial account information is reported and exchanged between tax authorities.
What information must be reported on f i n a?
Financial institutions need to report information such as account balances, interest, dividends, and income generated from financial assets.
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