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5 views

guide_fatca_en

Uploaded by

simoel3365
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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FATCA Fact Sheet Information Guide

Context

Pursuant to the regulations related to the automatic exchange of information for tax purposes set
out in the decree enacting Act No. 2-18-117 of 23 February 2018, ratified by the Moroccan
parliament (ratification published in the Official Gazette of August 23rd), BANK OF AFRICA, like all
Moroccan banks, is now responsible for implementing the U.S. Foreign Account Tax Compliance Act
(FATCA) (Foreign Account Tax Compliance Act).

Our bank has taken all the necessary steps to comply with this law and is in the process of identifying
its customers affected by it.

This identification is made through the analysis of the U.S. citizenship status indicators provided for
by the FATCA law itself and which are:

Indicators of U.S. citizenship*

1. U.S. residency or citizenship


2. Place of birth in the U.S.
3. U.S. address
4. Phone number with U.S. code
5. Mandate or Power of Attorney granted to a person with a U.S. address
6. U.S. address of the Account Holder such as "at X", or "Poste restante", which would be the only
available address on file for the Account Holder.

Procedure

Two types of forms are attached to the email. You must complete:

 one of the two (W9 or W8-BEN) according to the table below,


 or none.
Approach

List of documents to be provided


Client's situation

You hold at least one of the above Form W9, completed, dated, and signed (including the client's TIN)
indicators* and confirm that you are - Taxpayer Identification Number)
a "US Person"
 Form W8-BEN, completed, dated, and signed
You have at least one of the above-  A copy of a valid passport or identity card issued by a non-U.S.
mentioned indicators and confirm that
authority showing that you are not a U.S. citizen or resident
you are not a
"US Person"

 Form W8-BEN, completed, dated, and signed


 A certificate of loss of U.S. citizenship
Or...
You were born in the United States but
do not have American citizenship  An affidavit stating the reason why you do not have this
certificate when you have not renounced your U.S. citizenship or
why you did not obtain U.S. citizenship at birth

You do not possess any of the  No documentation specific to FATCA is required


indicators of American citizenship

What to do?

- Print the form (attached) corresponding to your situation


- Complete it
- Sign it
- Send it to the e-mail address: [email protected]

The form must be sent within 14 days from the date of sending this e-mail.

Do you have a question or need assistance? Our advisers are available 7 days a week from 8am to
8pm by calling +212 (0) 5 20 39 30 30

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