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These are selected definitions provided to assist you with the completion of this self-certification form pertaining to the OECD Common Reporting Standard for Automatic Exchange of Financial Account Information (‘CRS’) and the Foreign Account Tax Compliance Act (FATCA). Further details can be found within the CRS and associated commentary to the CRS. If you have any questions about these definitions or require further details, please contact your tax advisor or local tax authority.
Term/Acronym |
Description |
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1 | ID types |
The following ID types are acceptable:
Once an individual has been issued with an official SA identity card his/her SA green bar-coded identity document is no longer valid and may not be accepted. |
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2 | in-care-of address |
An 'in-care-of' address is the address of an individual or entity other than that of the intended recipient where post for the intended recipient is to be delivered. |
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3 | US |
United States or United States of America includes US territories and is abbreviated as US or USA. |
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4 | US citizen |
The term 'United States citizen' or 'US citizen' means:
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5 | US person |
The term 'United States person' or 'US person' means:
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6 | US national |
An individual who owes his or her sole allegiance to the US, including all US citizens and some individuals who are not US citizens. For tax purposes the term US national refers to individuals who were born in American Samoa or were born in the Commonwealth of the Northern Mariana Islands who have made the election to be treated as US nationals and not as US citizens. For additional information refer to https://www.irs.gov/individuals/international-taxpayers/immigration-terms-and-definitions-involving-aliens. |
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7 | IRS W-9 |
This form is to be used:
For additional information refer to https://www.irs.gov/uac/about-form-w9. |
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8 | IRS W-8 BEN |
This form is the Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting and is used by foreign persons to document their status for purposes of chapter 3 and chapter 4 of the US Internal Revenue Service's Internal Revenue Code as well as other code provisions. 'Foreign' in the above sentence is defined as all persons that are not required to complete an IRS W-9 form (see point 7 above). For additional information refer to https://www.irs.gov/uac/form-w-8ben-certificate-of-foreign-status-of-beneficial-owner-for-united-states-tax-withholding. |
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9 | Taxpayer identification number (TIN) (including functional equivalent) |
A 'taxpayer identification number' is a unique combination of letters or numbers assigned by a jurisdiction to an individual or an entity to identify the individual or entity for the purposes of administering the tax laws of such jurisdiction.
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10 | Entity |
The term 'entity' for the purposes of CRS and FATCA means any person other than a natural person. Included in the definition of 'entity' in the intergovernmental agreement is any legal person or legal arrangement such as a trust, partnership or association. For the purpose of this form 'entity' includes, but is not limited to, the following juristic persons:
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11 | Controlling person(s) |
The following are deemed to be controlling persons: 1 For a company –
2 For a trust –
3 For a partnership of juristic persons –
4 For a partnership of natural persons –
5 For a social club, stokvel or an association –
6 For a cooperative –
7 For a close corporation –
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12 | Reportable account |
The term 'reportable account' means an account held by one or more reportable person(s) or by a passive non-financial entity where one or more controlling person(s) is/are a reportable person(s), provided it has been identified as such pursuant to the prescribed due diligence procedures. The term 'reportable person(s)' means all individuals or entities that are defined as specified US persons or an individual or entity that is resident in a reportable jurisdiction under the tax laws of such jurisdiction, or an estate of a deceased that was a resident of a reportable jurisdiction. The term 'reportable jurisdiction' means any jurisdiction other than the US or South Africa. |
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13 | US territories |
Territories of the US are portions of the US that are not within the limits of any state and have not been admitted as states. The US currently has 16 territories, of which the following five are permanently inhabited:
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14 | Resident alien |
A resident alien is a foreign person who is a permanent resident of the country in which he or she resides, but does not have citizenship. To fall under this classification in the US, a person needs to have a current 'Green Card' or to have had one in the previous calendar year. |