Česká verze
Table of content
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Main information about the service
Based on the agreement between the Czech Republic and the United States of America to improve international tax compliance and with respect to the United States' information and reporting legislation commonly known as the Foreign Account Tax Compliance Act (‘FATCA’) Czech financial institutions are required to file a Foreign Account Tax Compliance Act Report.
Reporting Czech financial institutions are also obliged to register for FATCA purposes through the IRS registration system, and as part of the registration they will be assigned a ‘GIIN’ (Global Intermediary Identification Number). Reporting Czech financial institutions and non-reporting financial institutions that maintain a reportable account held by a reported U.S. person are required to apply for a GIIN.
A financial institution must apply for a GIIN so that it is obtained no later than the day before the day on which it is due to file a report with the tax authorities, which is due by 3 May of the calendar year in which the financial institution is due to file its first report. The registration number (GIIN) must be reported by the financial institution to the tax authorities.
read moreDoes this apply to me?
You are a Czech reporting financial institution (a custodial institution, depository institution, investment entity, or specified insurance company) that maintains financial accounts held by a reporting person (a US citizen).
Service outcome
Compliance with the legal obligation to file a Financial Account Tax Compliance Act (FATCA) Report
Service benefit
Ensuring compliance with the agreement between the Czech Republic and the United States of America to improve international tax compliance known as the Foreign Account Tax Compliance Act.
When to address the service
Back to topThe report shall be submitted by 30 June of the calendar year following the calendar year for which it is submitted.
How to get the service
What do you need when solving the service electronically
The FATCA form contains only basic identification data and a declaration that the financial institution concerned has complied with the relevant FATCA requirements under the law (fulfilment of the due diligence obligation or that due diligence procedures or comparable procedures have been applied). An integral attachment to the form is an .xml file containing the actual notification data.
Where and how to solve the service electronically
The completed form, including the attached attachment, can then be submitted directly via the MOJE daně portal or after logging in to DIS+.
e-Government portal
ePodáníCould be solved via e-identity
No
Is the service charged when solving electronically
No
Responsible Public Authority
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Generální finanční ředitelství https://linked.cuzk.cz/resource/ruian/adresni-misto/21700851 |
Datová schránka: p9iwj4f |
Additional information about the service
Back to topSanctions
Obligations of a non-monetary nature for the violation of which a fine may be imposed include the obligation to verify, the obligation to ascertain, the obligation to keep documents, to obtain an identification number, and reporting or other notification obligations established by the Tax Code or the tax administrator.
The tax administrator may impose a fine of up to CZK 500 000 on a reporting financial institution or a non-reporting Czech financial institution if it breaches its reporting obligations.
A fine for failure to comply with an obligation of a non-monetary nature may be imposed for failure to comply with a registration, reporting or other notification obligation set out in the Tax Code or by the tax administrator. A fine may also be imposed for failure to comply with the recording or other registration obligation set out in the Tax Code. These fines can be imposed repeatedly.
Frequently Asked Questions
For more information about FATCA please see FATCA | International Taxation – Direct Taxes | International Cooperation | Financial Administration (financnisprava.cz).
Communication language
Czech
Last checked at 08.10.2024
