Tax and residency. 6.1 When providing our Services to you, we will only take UK tax implications into account where we have agreed with you in advance that we will do so. However, we cannot guarantee that no tax liability will arise from transactions in your Account or that any tax advantages will be maximised.
Tax and residency. Due to various legislative requirements, the South African Revenue Service (“SARS”) requires FNB Securities to attain your certified Foreign Account Tax Compliance Act (“FATCA”) / Common Reporting Standard (“CRS”) classification and to collect and report certain information about an account holder’s tax residency status. If you (or the account holder on whose behalf you are completing the form) have a tax obligation or tax residence outside of South Africa, FNB Securities is legally obliged to pass on the information in this form to SARS. As a financial institution, FNB Securities is not allowed to give tax advice, if you have any questions about this section or defining your tax residency status, please speak to your tax advisor or local tax authority. You can also find out more at the Organisation for Economic Co-Operation and Development automatic exchange of information portal, which may assist you in determining your tax residency . Please complete this section and all withholding tax exemption declarations (interest or dividends) that may be relevant to you. Not doing so may result in processing delays or incorrect withholding tax being applied. If you are resident in South Africa for tax purposes, please confirm by ticking this box* By ticking this box, I confirm that I am a South African tax resident and I qualify for the Dividends Tax (“DT”) exemption as stipulated in section 64F(l) of the Income Tax Act on any income earned from Real Estate Investment Trusts (REITs), since it will constitute income that needs to be filed in my annual income tax return. Are you a South African citizen?* Are you a registered taxpayer with SARS?* If YES, tax registration number: Yes No Yes No If you are a resident in South Africa for tax purposes the following default will be applied: • Withholding Tax on Interest (“WTI”) will not apply; • DT at 20%, unless the REIT exemption elected above applies; If you are not a resident in South-Africa for tax purposes, please confirm by ticking this box* In which country are you a resident for tax purposes?* Are you a registered taxpayer in this country?* Are you a citizen/national in this country? Yes Yes No No If yes, tax registration number*: If you are exempt from or could be entitled to a reduced rate of withholding tax for DT or WTI, please complete the relevant declaration forms. As a foreign tax resident, unless we receive the relevant declaration from you, the following defaults will be applied: • WTI at 15% (where app...
