Only until December 1, there are customers of financial institutions to build so-called statements of FATCA. Wealthy people need, therefore, to declare that they are not (or are) resident in the United States. American authorities are checking, so that every citizen of this country honestly calculated tax fraud.
Application of FATCA is the result of an agreement between the governments of Poland and the United States. The Americans want until December 1, to identify customers of financial institutions in Poland, who have to pay taxes in the United States. If you fall under the obligation of submission of the application of FATCA, and will not make it to December 1, Your Bank account, the office of the brokerage or investment Fund will be blocked.
In recent months, as a rule, these financial institutions do send information about FATCA for clients who must submit an application for. The Financial Supervisory Commission, explained recently that the duty first applies to customers that have signed contracts with financial institutions between July 1, 2014. and 30 June 2015. It should be noted that the obligation of submission of the application of FATCA does not apply to customers whose savings accounts at financial institutions do not exceed the amount of 50 thousand dollars. dollars or its equivalent in another currency.
however, If the customer has signed a contract with a financial institution previously, then he will be charged with checking through this very organization. And if you signed the contract later, then most likely already signed a statement at the time of conclusion of the contract.
“In the absence of the application of FATCA through obowiązanego customer before 1 December 2016, accounts and registers shall be temporarily blocked will not be able to make transactions including money withdrawal. After obligations to apply FATCA, accounts and registers shall be unlocked” – like KNF.
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