FATCA/CRS

Sberbank was registered with IRS (the US Internal Revenue Service) as a financial institution complied with the FATCA requirements (Participating financial institution not covered by an IGA).

The Bank was assigned Global Intermediary Identification Number, GIIN: JPCJ0H.00028.ME.643.

The form confirming the status of Sberbank as the beneficial owner of its income and specifying its FATCA status: W-8BEN-E.

The form confirming the status of Sberbank as intermediary in the transfer of income to a third party and specifying its FATCA status: W-8IMY.

The criteria for classifying customers of OJSC «Sberbank of Russia» (hereinafter — the Bank) to the category of foreign taxpayers and ways of obtaining information in order to fulfill the requirements of the Federal Law of 06/28/2014 number 173-FZ

For customers — individuals

Therefore, we inform customers — individuals, individual entrepreneurs and individuals engaged in private practice according to the procedure provided for by the legislation of the Russian Federation (lawyers, notary officers, etc.) interested in contracting the Bank — of the possibility of disclosure of information about their status as a U.S. taxpayer for the purposes of FATCA.

For a contract for any service, you may fill in a questionnaire from the Bank containing additional FATCA information (hereinafter — Questionnaire). The form of the Questionnaire and procedures for filling it out are published on the Bank's website in the relevant sections of products and services, as well as in the information brochures in the branches.

As part of filling out the Questionnaire, and depending on your answers, you will be required to provide the following additional documents:

  • If you are a U.S. citizen or a U.S. tax resident, you must provide a completed W-9 form (form W-9 can be found at the U.S. Internal Revenue Service website: http://www.irs.gov/pub/irs-pdf/fw9.pdf). Consult your tax advisor regarding filling out the form.

  • If you were born in the U.S. but you are not a U.S. citizen, you must provide (1) a Certificate of loss of nationality of the U.S. under the form DS 4083 of the Bureau of Consular Affairs of the U.S. Department of State, or (2) a written explanation regarding the absence of citizenship in the U.S. (for example, an indication of the reason for which the U.S. citizenship was not obtained by birth).

The Questionnaire and the documents listed above (if available) should be given to the bank officer at your place of service.

Information on the U.S. taxpayers, including data on the customer’s bank account/accounts number/numbers, account/accounts balance/balances, account/accounts operations, may be transferred by the Bank to the U.S. Internal Revenue Service (IRS) or a person acting on behalf of said authority to the extent and in the manner prescribed by the legislation of the Russian Federation.

Information for clients — legal entities

Therefore, we inform customers — legal entities, including financial institution (credit organization) that are interested in entering into contracts with the Bank, the possibility of disclosing information about themselves for purposes of FATCA.

You can fill in special sections of the Bank profiles that provide additional information FATCA (hereinafter — Questionnaire), in the standard identification procedures when applying for a service to the Bank. The form of the Questionnaire and procedures for filling it out are published on the Bank's website in the relevant sections of products and services.

As part of filling out the Questionnaire, and depending on your answers, you will be required to provide the following additional documents:

  • Forms US Tax Service W-9 / W-8 and other documents

  • Templates form W-9 and W-8 are placed on the portal of the Tax Service USA: http://www.irs.gov. The Bank does not have any advice on how to fill questionnaires FATCA and other additional documents in order to establish the status of a particular taxpayer for the purpose of FATCA. Consult with your tax advisor about the rules of filling out forms.

The Questionnaire and the documents listed above (if available) should be given to the bank officer at your place of service.

Information on the U.S. taxpayers, including data on the customer’s bank account/accounts number/numbers, account/accounts balance/balances, account/accounts operations, may be transferred by the Bank to the U.S. Internal Revenue Service (IRS) or a person acting on behalf of said authority to the extent and in the manner prescribed by the legislation of the Russian Federation.

MULTILATERAL COMPETENT AUTHORITY AGREEMENT ON AUTOMATIC EXCHANGE OF FINANCIAL ACCOUNT INFORMATION

Organization for Economic Co-operation and Development (the «OECD») has developed the Common Reporting Standard (the «CRS») to prevent global tax deviation using Offshore Structures to ensure transparency of the information.

12 May 2016 the Federal Tax Service of Russia on behalf of the Competent Authority of the Russian Federation declared that it agrees to comply with the provisions of the multilateral Convention on Mutual Administrative Assistance in Tax Matters from 2018 and exchange information from the year 2017 onwards. 

At present, the Tax Code of the Russian Federation complemented with the Federal Law of 11/27/2017 number 340-FZ whereby Russian financial institutions are required to identify the customers of the foreign states/territories and provide the information regarding the clients’ accounts and follow related due diligence procedures to the Federal Tax Service of Russia. The clients, in turn, are obliged to give the necessary information upon request from financial institutions.

Sberbank of Russia doesn’t provide any advisory services concerning the basis of tax residence, as required by FATCA/CRS. On this issue one can refer to a tax consultant or to the information for all the countries given by the OECD.

In order to confirm your tax residence, Sberbank officers may pose follow-up questions and ask you to fill in the self-certification form.

The Questionnaire for tax residence confirmation – individuals/private entities

The Questionnaire for tax residence confirmation – legal entity/individual entrepreneur