Section II fatca self Certification forms


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Welcome Pack

FATCA


1.

2.Dear Sir or Madam,

The U.S. Foreign Account Tax Compliance Act (“FATCA”) requires all Participating Foreign Financial Institutions (PFFI) to identify the “FATCA” status of their new customers from the 1st July 2014.

3.BNP Paribas, as a Participating Foreign Financial institution, will be FATCA compliant in all countries where local law makes it compulsory or will allow it

4.You can find at the following link additional information about BNP Paribas’s FATCA compliance as well as the registration status and Global Intermediary Identification Numbers (GIINs) of BNP Paribas’ entities:

5.

6.Please note that BNP Paribas, Hungary Branch is registered with the US Tax Authority (Internal Revenue Service or IRS) as a Registered Deemed Compliant FFI under model1 IGA and its GIIN is 1G159I.00000.BR.348

7.

8.As a result, we kindly ask you to provide us:

Your FATCA status, both on behalf of your firm and for any entity on whose behalf you transact, by completing the relevant W8 or W9 US Tax forms – you will find more information in the “FATCA Self-Certification forms” section of this document.

Depending on your FATCA classification, a waiver of confidentiality, by completing and signing the relevant attached form in the “Confidentiality Waivers” section of this document, both on behalf of your firm and for any entity on whose behalf you transact.

In case the FATCA status of your entity or of any entity on whose behalf you transact is “Passive NFFE” with substantial US owners, please complete the table in the “Table for Passive NFFE with Substantial US Owners” section of this document.

9.Please be sure to complete all forms accurately and return to BNP Paribas as soon as practicable to avoid being classified as undocumented or recalcitrant Non-Financial Foreign Entity or a non-participating Foreign Financial Institution.

10.Please email all completed form(s) to hungary_csd@bnpparibas.com

11.

12.Yours Sincerely,

13.

14.

BNP Paribas Corporate & Institutional Banking

Section II - FATCA Self Certification forms

A.Introduction


1.The U.S. Foreign Account Tax Compliance Act (“FATCA”, also referred to as “Chapter 4”) requires Participating Foreign Financial Institutions (PFFIs) to identify the “FATCA” status of their new customers. When the classification can not be done by the PFFIs, FATCA requires the customers to provide a “self-certification” by using the relevant US tax form.

2.The US Tax Authority (Internal Revenue Service or IRS) has updated its tax forms to include the FATCA (or chapter 4) classification.

3.Failure to document the applicable FATCA (or chapter 4) status when required may lead BNP Paribas to consider a customer as undocumented or recalcitrant entity or as nonparticipating financial institution and to subject the customer to 30% withholding tax on withholdable payments.

B.Classification of US Persons


For purposes of FATCA classification, customers considered by the IRS as US Persons (All U.S. citizens and permanent legal residents or “green card” holders) are required to complete IRS Form W-9 - Request for Taxpayer Identification Number and Certification. Entities formed in the U.S. are also treated as U.S. persons and must provide a valid tax identification number (TIN). For individuals, the TIN is the individual’s social security number. For entities, the TIN is the employer identification number (EIN). BNP Paribas policy requires that all U.S. persons, including entities, must provide their TIN by completing IRS Form W-9.

1.Link to the form: http://www.irs.gov/pub/irs-pdf/fw9.pdf

2.Link to the IRS instructions for this form: http://www.irs.gov/pub/irs-pdf/iw9.pdf
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