Foreign Account Tax Compliance Act (FATCA)
“The Foreign Account Tax Compliance Act” (FATCA) is a US Congress act, in force from July 1st, 2014. Its purpose is to detect, deter and discourage offshore tax evasion by U.S. citizens, or residents, which either directly or indirectly invest outside the U.S. through foreign financial institutions.
The Republic of Bulgaria and The United States of America have signed Intergovernmental Agreement /IGA/ Model 1B, requiring all Bulgarian Financial Institutions to identify US citizens and/or taxpayers among their customers. In addition the local Financial Institutions, once obtained the customer consent and the required documentation, will report yearly to the local tax authorities information about the financial accounts of their customers.
UniCredit Bulbank would like to officially inform you that following the instructions, received from National Revenue Agency in compliance with the Foreign Account Tax Compliance Act (FATCA), the Bank has been registered in Internal Revenue Service portal as “Registered Deemed-Compliant Financial Institution”.
The GIIN number of the Bank is 938A8A.00082.ME.100. The signed W-8BEN-E form can be accessed below.