Legal and regulatory information

The Foreign Account Tax Compliance Act (FATCA) legislation was enacted to ensure the protection and long-term safety of both the financial system and our customers’ interest. This legislation, administered by the United States government, encourages better tax compliance by preventing US persons from using non-US financial organisations and foreign entities to avoid US taxation on their income and assets.

Customers who have a US connection are required to provide FATCA forms to determine if they are considered as ‘US Persons’ or otherwise.

If you have any queries regarding FATCA or local legislation and your tax position, please contact a professional tax advisor, as HSBC is unable to provide tax advice.

• FATCA Frequently Asked Questions (PDF)
• FATCA Glossary of Terms (PDF)
• Document Glossary (PDF)
• Insurance Frequently Asked Questions (PDF)
• IRS information on FATCA

Please return the completed document/s via one of these channels:

• By email (scanned copy) to: account.opening.malta@hsbc.com
• In person at one of our branches
• By post to: The Manager, HSBC Bank Malta p.l.c., Customer Correspondence and Logistics, Operations Centre, 80 Mill Street, Zone 5, Central Business District, Qormi CBD 5090, Malta

Common Reporting Standard (CRS), calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.

This legislation was enacted to help fight against tax evasion and protect the integrity of tax systems. Every customer is to provide details of their Jurisdiction of Tax Residence and Tax Identification Number if available. Each country/jurisdiction has its own rules for defining tax residence. In general, you are tax resident in the country/jurisdiction where you live. You can be tax resident in a country/jurisdiction without paying tax, for example, if your income is below the threshold. Special circumstances (such as studying abroad, working overseas or extended travel) may cause you to be tax resident elsewhere or tax resident in more than one country/jurisdiction at the same time. For more information on tax residence, please contact your local tax authority, seek specialist advice or consult the information on OECD Tax Residency website, as HSBC is unable to provide tax advice.

• CRS frequently asked questions
• Glossary of CRS terms  
• Tax Transparency Resource Centre
• Tax Identification Numbers

Please return the completed document/s via one of these channels:

• By email (scanned copy) to: account.opening.malta@hsbc.com
• In person at one of our branches
• By post to: The Manager, HSBC Bank Malta p.l.c., Customer Correspondence and Logistics, Operations Centre, 80 Mill Street, Zone 5, Central Business District, Qormi CBD 5090, Malta