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What types of information and/or documents can I expect to supply to Tunisie Valeurs ?
We will be communicating with the affected customers to provide full details of the information and documentation Tunisie Valeurs needs for FATCA purposes. Documents may include US tax forms (also referred to as withholding certificates or W forms) orself-declarations of FATCA status.
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Will Tunisie Valeurs supply me with all the forms I need to complete ?
Yes. If Tunisie Valeurs requires further information from you, we will either send you the relevant forms or direct you to a website where you can download them.
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When do I have to provide the requested information and/or documentation for FATCA ?
In general, customers should supply the requested documentation and information by the date contained within the communication.
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What will Tunisie Valeurs do if I do not provide the information required under FATCA ?
Tunisie Valeurs is committed to being fully FATCA compliant in all countries where we operate. Tunisie Valeurs may not open new accounts or offer additional products and services to customers who choose not to comply with Tunisie Valeurs’ requests for documentation to establish a customer’s status under FATCA. In accordance with the FATCA regulations, Tunisie Valeurs may exit the relationship with customers who decide not to provide the necessary information and documentation within the regulatory timeframe. Tunisie Valeurs may need to report information about customers who do not provide the required documentation to us. In addition, we may also be required to withhold tax on certain US source payments coming into your account (please refer to the glossary for withholding tax definition).
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What do I need to do if I am affected by FATCA ?
We will continue to review the impact of the legislation for our customers and will correspond with affected customers in due course. For more information regarding FATCA, please visit the IRS website, or contact your professional tax advisor for advice.
Please note that you may receive more than one request for documentation if you have multiple relationships with different members of Tunisie Valeurs. It is important that you respond to all requests, even if you believe you have already supplied the requested information.
Please note that Tunisie Valeurs is unable to offer tax advice. For tax related questions please contact your professional tax advisor or refer to the IRS website: External site: Link opens in an overlay.
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Under what circumstances would Tunisie Valeurs need to report information about my account to the IRS or local tax authority ?
The purpose of FATCA is to prevent US persons (see glossary) from using brokers and other financial organisations to avoid US taxation on their global income and assets. Tunisie Valeurs will therefore report information to the IRS or local tax authority on all accounts held directly or indirectly by US persons. In addition, Tunisie Valeurs may also need to report information about customers who do not provide the required documentation to us.
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What information will Tunisie Valeurs report to the IRS or local tax authority ?
The information reported to the IRS or local tax authority will depend on the FATCA classification of the customer. This information will typically be of a personal nature in relation to the substantial US owners of a business (for example, name, address, US taxpayer identification number), and of a financial nature (for example, account number, account balance, amounts paid into the account). We will be communicating with the affected customers in detail on these requirements.