From 1 July 2014 the US FATCA Regulations came into force in the Republic of Austria also. Thus the Austrian financial institutions have to identify their US clients and report those to the US tax authority IRS.
If a financial institution does not comply with the FATCA Regulations, as a possible sanction it will be excluded from the US capital market and a 30% penalty tax will be imposed. Consequently Bank Austria clients also could be excluded from US capital market.
The respective documents are published in the right column.
We would like to inform you that since February 2014 electronically archiving and transmission of pdf documents is permitted under § 1.1441-1(e)(4)(iv)B) of the U.S. Treasury Regulations.
The GIIN of UniCredit Bank Austria AG is: 938A8A.00076.ME.040