Foreign Account Tax Compliance Act
What is FATCA?
The Foreign Account Tax Compliance Act (FATCA) is United States legislation passed in March 2010. It requires non-US financial institutions to provide reports to the US regarding their customers who are 'US persons' for US tax purposes and who hold accounts with the financial institution. US financial institutions will also have separate reporting obligations.
Our local government and the US Governments have entered into a reciprocal agreement, under which Isle of Man Bank will report US customers to the local tax authority and not directly to the US IRS. The local tax authority is responsible for sharing this information with the IRS and the bank will play no part in this process.
How to contact us
We are here to help, however please be aware that Isle of Man Bank can't offer any tax advice. We recommend you contact a professional and independent tax advisor to discuss your personal tax situation.
If you have any queries please contact your Relationship Manager on their dedicated number otherwise call Telephone banking on:
Telephone: 01624 637290
From abroad: +44 1624 637290
Calls may be recorded.