Financial Institution (FI)

To avoid being withheld upon, a foreign financial institution may register with the IRS, obtain a Global Intermediary Identification Number (GIIN) and report certain information on U.S. accounts to the IRS. FI will register with IDES with a valid GIIN.

Learn More ...

HCTA (Host Country Tax Authority)

If a jurisdiction enters into an Intergovernmental Agreement (IGA) to implement FATCA, the reporting and other compliance burdens on the financial institutions in the jurisdiction may be simplified. Such financial institutions will not be subject to withholding under FATCA. HCTA’s will register with a username assigned to them by the IRS.

Learn More ...