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ISSN: 1945-5488 (Print)
ISSN: 1945-5496 (Online)
Review Article Open Access

Withholding Certificates and Self-Certifications under FATCA

Stefan Kaestli1
  • 1 Institute of Economics of the Polish Academy of Sciences, Poland

Abstract

This review article analyzes the term withholding certificate and self-certification under the Foreign Account Tax Compliance Act (FATCA). It shows which types of forms exist in order to establish an account holder’s FATCA status (chapter 4 status). It proofs in particular under which conditions a Participating Foreign Financial Institution may use its own form in lieu of an official IRS form.

American Journal of Economics and Business Administration
Volume 7 No. 2, 2015, 68-76

DOI: https://doi.org/10.3844/ajebasp.2015.68.76

Submitted On: 28 April 2015 Published On: 25 June 2015

How to Cite: Kaestli, S. (2015). Withholding Certificates and Self-Certifications under FATCA. American Journal of Economics and Business Administration, 7(2), 68-76. https://doi.org/10.3844/ajebasp.2015.68.76

Open AccessCopyright: © 2015 Stefan Kaestli. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

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Keywords

  • FATCA
  • Chapter 4
  • Withholding Certificate
  • Self-Certification
  • Written Statement
  • Documentary Evidence
  • Self Declaration