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  • International Tax Reporting (FATCA and CRS)

International Tax Reporting

Norway has signed international agreements ( FATCA and CRS) regarding exchange of tax information. Financial institutions are required to identify and report taxpayer information and financial accounts held by customers with a tax residence outside Norway.

Tax liabilities in the US (FATCA)

Norway has signed an agreement with the US, called an Intergovernmental agreement (IGA). This agreement derives from the US tax legislation FATCA (Foreign Account Tax Compliance Act). Under the FATCA law financial institutions all over the world are required to identify and report the aggregated amounts on accounts held by US persons. Read more about IGA and FATCA on IRS’s homepage. You find a link on this page.

If you have received a letter from us saying that you need to provide us with information regarding this, you will need to fill in a form. Use the links below to open the forms. The documents you reach from these links replaces the earlier used forms W8-BEN, W-8BEN-E, W9 and the previous self certification for entities.

FATCA forms
Customer FormInformation
Individuals Self certification - (replaces earlier used forms W8-BEN and W9.)Instructions for how to fill in the form are found inside the form. 
Entities Self certification - (replaces earlier used form W8-BEN-E, W9 and the previous self certification for entities)Instructions for how to fill in the form are found inside the form. 

If you need another form, you can find all forms on the IRS homepage. 

Tax residency (CRS)

Common Reporting Standard (CRS)

CRS is a global standard for the automatic exchange of information on financial accounts. The standard requires financial institutions to identify financial accounts held by customers with a tax residence in another state or jurisdiction other than its own. The objective of CRS is to fight international tax evasion.

CRS entered into force on the 1st of January 2016. All financial institutions must by then:

  • identify new individual and entity customers’ tax residencies (including customers that only have a domestic tax residency), 
  • review existing individual and entity customers in order to identify customers with a tax residency outside the bank country (end date 31 Dec 2017),
  • identify certain corporate/entity customers, and their beneficial owners/controlling persons who have a tax residency other the bank country, and 
  • report the customers with other tax residency/-ies than the bank country to the local Tax Authority.

The CRS regulation is based on the FATCA regulations, but CRS also differs in significant aspects in comparison with FATCA. The main difference is that CRS encompasses numerous countries and customers compared to FATCA which only covered the United States and account holders who have a tax residency in the United States.

All EU Member States are participating in CRS and have signed an agreement on automatic exchange of financial information (the DAC II directive).

Tax Identification Number (TIN)

The term Taxpayer Identification Number (TIN), or similar, is a unique combination of letters or numbers assigned by a jurisdiction to an individual or an entity for tax administration purposes.

CRS forms
Customer FormInformation
Individuals Self certification
Instructions for how to fill in the form are found inside the form. 
Entities Self certification
Instructions for how to fill in the form are found inside the form. 

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