Skip to main content
Home
Back to degiro.fi

  • Login
  • Open an account

How can we help you?

Tax Residency

What is the Foreign Account Tax Compliance Act (FATCA)?

Answer
FATCA is somewhat similar to CRS, but then specifically to fight against tax evasion in the United States. FATCA ensures that ‘U.S. Persons’ file a (complete) tax return with the US Internal Revenue Service that also contains their assets maintained at financial institutions outside the United States.

FATCA is incorporated in Dutch law and as a result, DEGIRO is obliged to verify whether its clients are considered U.S. Person. DEGIRO is obliged to share this information with the Dutch tax authorities. Subsequently, the Dutch tax authorities shares this information with the US Internal Revenue Service.

Has your question been answered?

Related Questions

What is tax residency?
Why does DEGIRO ask about my tax residency?
What are Common Reporting Standards (CRS)
What is a Tax Identification Number (TIN)?
Can I be a tax resident in a country if I don't pay any taxes in that country?
FAQ Software by 10+

Navigation

  • About DEGIRO
    • History of DEGIRO
    • Safety and Security
  • Account and Personal Details
    • Access to your DEGIRO Account
    • Profiles
    • Your Personal Details
  • Become a Client
    • Registering a DEGIRO Account
  • Fees
    • Other Costs
    • Trading Fees
  • Money Transfers and Handling
    • Currency Handling
    • Deposits and Withdrawals
    • Trading on Margin
  • Orders
    • Placing an Order
    • Order Issues
    • Execution Policy
    • Order Types
  • Trading Platform
    • My Positions
    • Price Feeds
    • Trade Confirmations
    • Using the Trading Platform
  • Trading Possibilities
    • Derivatives
    • Portfolio Transfers
    • Products and Markets
    • Short Selling
    • Corporate Actions
  • Tax
    • Tax Residency
    • Tax Treaties
    • Transaction Tax
    • Withholding Tax
  • Documents
    • Fee Schedule
    • Terms and Conditions
    • Investment Services Information
    • Risk Model
    • Portfolio Transfer Forms
    • Promotional
    • Previous Documents
    • References
    • Trading and Exchanges
Home

  • Login
  • Open an account
Back to degiro.fi

DEGIRO is the first wholesale broker for private investors. An online investment platform for all types of investors. DEGIRO enables its customers to invest worldwide at unprecedented low rates. DEGIRO is investing globally for everyone. Previously, investing was often limited to stock exchanges in Europe or the United States. Through one platform, all DEGIRO investors gain access to products and markets worldwide. This means that private investors can spread their investments much better. DEGIRO fits perfectly with the investor who manages his business online. For us, customers do not pay for the salary of unnecessary staff. DEGIRO takes away the last difference between professional and private investors; the fees. Essential for the return of private investors.

Copyright © 2023 DEGIRO All right reserved

Linkedin Facebook Twitter Instagram