What is FATCA / CRS?
Updated over a week ago

What is FATCA?

FATCA is a law which was enacted in the United States against undeclared and non-taxable income of taxable individuals in the United States who hold accounts with financial institutions outside the United States.

For more information regarding FATCA please refer here: Foreign Account Tax Compliance Act (FATCA) - Information for customers - Viva Wallet

What is the Common Reporting Standard (CRS)?

It is a multilateral reporting system under which financial institutions are required to submit to the tax authority of the country in which they are located information on account holders who are tax residents of another country that applies the CRS.

For more information about the CRS please refer here: Common Reporting Standard (CRS) - Viva Wallet

FATCA / CRS Documentation

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