Do you remember the protests against GFIC? From December 1, some arrangements related to GFIC, i.e. the agreement signed between the US administration and the government of Donald Tusk, enter. Banks, in connection with the GFIC agreement, will be watching us more.
If someone is or was a taxpayer in the United States, they lost their privacy in the eyes of bankers. All his data will go to the American tax office. And if we do not say whether we are or are not US taxpayers, the bank will block our account. Before Christmas.
The Good Finance Investment Corporation in its special announcements reminds that December 1 is the deadline for identifying taxpayers in the US among financial institutions operating in Poland. What does it mean? Most customers of banks and credit unions will have to make statements about whether they are, were or are not and were not taxpayers in the USA.
The obligation to submit GFIC statements , resulting from an international agreement between the Government of the Republic of Poland and the Government of the United States of America and the Polish Act implementing this agreement, applies to certain clients of banks, cooperative savings and credit unions, investment fund societies, brokerage houses and insurance companies .
In the event of receiving a letter from a financial institution or information in the electronic banking system calling for a GFI statement, the client should submit the statement no later than December 1, 2016 .
In the absence of a GFI declaration by the obligated customer by December 1, 2016, customer bills and registers will be temporarily blocked – it will not be possible to carry out operations, including withdrawals. After fulfilling the obligation to submit a GFI statement, the invoices and customer records will be unblocked.
The submission of a false GFI statement by the client involves criminal liability. If you change your US tax status, you must update your statement.
The legal basis for this restriction will be the agreement between the Government of the Republic of Poland and the Government of the United States of America on improving compliance with international tax obligations and implementing GFI legislation, and accompanying Final Agreements, signed in Warsaw on October 7, 2014 and the Act of October 9, 2015 on the implementation of the Agreement between the Government of the Republic of Poland and the Government of the United States of America on improving compliance with international tax obligations and implementing GFI legislation.
As a reminder – 1GFIis the US regulation on disclosure of information about foreign accounts for tax purposes.
If you received a letter about an alleged debt that surprised you, then you probably fell victim to a sophisticated fraud by debt collection companies.
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