Obligations of TBI Bank JSC under FATCA are in accordance to the Law on Ratification of the
Agreement between the Government of the Republic of Bulgaria and the Government of the United States
of America for improving the tax compliance internationally and enforcement of Foreign Account Tax
Compliant Act (FATCA), adopted by the US Government on 18.03.2010.
Essentially, FATCA represents a legal requirement to foreign financial
institutions, including all
Bulgarian financial institutions, to identify US taxpayers among its
customers and to provide
information to US tax authorities on supported by them financial accounts,
including accounts of
foreign legal entities that are controlled by US taxpayers.
In order to be considered as compliant with FATCA, financial institutions in the country should
register with the Internal Revenue Service of the United States (IRS) and acquire a Global
Intermediary Identification Number (GIIN) code.
TBI Bank JSC is registered on the website of the IRS with FATCA status of a participating financial
institution under Reporting Model 1 FFI and has assigned GIIN code: ABQT26.99999.SL.100 (and TBI
Bank JSC – Romania Branch GIIN code is: ABQT26.99999.BR.642).