{"id":21825,"date":"2026-03-27T14:38:12","date_gmt":"2026-03-27T12:38:12","guid":{"rendered":"https:\/\/novapay.ua\/fatca-crs\/"},"modified":"2026-04-09T11:54:19","modified_gmt":"2026-04-09T08:54:19","slug":"fatca-crs","status":"publish","type":"page","link":"https:\/\/novapay.ua\/en\/fatca-crs\/","title":{"rendered":"Compliance with FATCA and CRS"},"content":{"rendered":"<h2><b>International exchange of tax information<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">NovaPay complies with international requirements and Ukrainian legislation regarding the exchange of tax information under FATCA and CRS.<\/span><\/p>\n<p><b>The Foreign Account Tax Compliance Act (FATCA)<\/b><span style=\"font-weight: 400;\"> is a law enacted by the US Department of the Treasury and the Internal Revenue Service (IRS) aimed at preventing tax evasion in the US.<br \/>\nIn Ukraine, FATCA requirements have been implemented through an agreement between the governments of Ukraine and the US to improve tax compliance.<\/span><\/p>\n<p><b>The Common Reporting Standard (CRS)<\/b><span style=\"font-weight: 400;\"> is an international standard for reporting and verifying information on financial accounts, adopted by the Organization for Economic Co-operation and Development on 15 July 2014.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">It requires countries to collect information on accounts held with financial institutions and to automatically exchange this information with partner countries annually.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Under these requirements, financial institutions worldwide must verify the tax status of their clients and, in certain cases, report this information to the tax authorities.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Determining tax residency<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">To comply with FATCA and CRS requirements, NovaPay conducts client verification to determine their tax residency.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, the company may request:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">the country or countries of tax residency<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">tax identification number (TIN)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">proof of tax status<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">self-certification forms<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><b>US tax forms (FATCA)<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">If a client is a US taxpayer or appears to have a tax connection with the US, the company may request IRS forms, in particular:<\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.irs.gov\/site-index-search?search=w9&amp;field_pup_historical_1=1&amp;field_pup_historical=1\"><b>Form W-9<\/b><\/a><span style=\"font-weight: 400;\"> \u2013 for individuals who are taxpayers in the US<\/span><\/li>\n<li><a href=\"https:\/\/www.irs.gov\/site-index-search?search=W-8BEN&amp;field_pup_historical_1=1&amp;field_pup_historical=1\"><b>Form W-8BEN<\/b><\/a> \u2013 for individuals who are not US tax residents<\/li>\n<li><a href=\"https:\/\/www.irs.gov\/site-index-search?search=W-8BEN-E&amp;field_pup_historical_1=1&amp;field_pup_historical=1\"><b>Form W-8BEN-E<\/b><\/a><span style=\"font-weight: 400;\"> \u2013 for legal entities that are not US tax residents<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><br \/>\nTo comply with FATCA requirements, NovaPay registered on the IRS website <a href=\"http:\/\/www.irs.gov\/\">IRS<\/a> in 2026 and obtained the status of a reporting financial institution (Model 1 IGA) and a GIIN: <b>SR6SPC.99999.SL.804<\/b>.<br \/>\n<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can view <\/span><b>W-8BEN-E <span style=\"font-weight: 400;\"><strong>NovaPay <\/strong><\/span><\/b><span style=\"font-weight: 400;\">form via the <\/span><a href=\"\/wp-content\/uploads\/2026\/03\/fw8bene_novapay.pdf\"><b><span style=\"font-weight: 400;\"><strong>link<\/strong><\/span><\/b><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Further information<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">You can find out more about international tax transparency requirements on the following official websites:<br \/>\n<\/span><\/p>\n<p><a href=\"https:\/\/www.irs.gov\/fatca\"><span style=\"font-weight: 400;\">Foreign Account Tax Compliance Act (FATCA)<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.oecd.org\/tax\/automatic-exchange\/\"><span style=\"font-weight: 400;\">Common Reporting Standard (CRS)<\/span><\/a><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"International exchange of tax information NovaPay complies with international requirements and Ukrainian legislation regarding the exchange of tax information under FATCA and CRS. The Foreign&hellip;","protected":false},"author":18,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-21825","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Compliance with FATCA and CRS - NovaPay<\/title>\n<meta name=\"description\" content=\"NovaPay complies with international requirements and Ukrainian legislation regarding the exchange of tax information under FATCA and CRS.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/novapay.ua\/en\/fatca-crs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Compliance with FATCA and CRS - NovaPay\" \/>\n<meta property=\"og:description\" content=\"NovaPay complies with international requirements and Ukrainian legislation regarding the exchange of tax information under FATCA and CRS.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/novapay.ua\/en\/fatca-crs\/\" \/>\n<meta property=\"og:site_name\" content=\"NovaPay\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-09T08:54:19+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/novapay.ua\/en\/fatca-crs\/\",\"url\":\"https:\/\/novapay.ua\/en\/fatca-crs\/\",\"name\":\"Compliance with FATCA and CRS - NovaPay\",\"isPartOf\":{\"@id\":\"https:\/\/novapay.ua\/en\/#website\"},\"datePublished\":\"2026-03-27T12:38:12+00:00\",\"dateModified\":\"2026-04-09T08:54:19+00:00\",\"description\":\"NovaPay complies with international requirements and Ukrainian legislation regarding the exchange of tax information under FATCA and CRS.\",\"breadcrumb\":{\"@id\":\"https:\/\/novapay.ua\/en\/fatca-crs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/novapay.ua\/en\/fatca-crs\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/novapay.ua\/en\/fatca-crs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0413\u043e\u043b\u043e\u0432\u043d\u0430 \u0421\u0442\u043e\u0440\u0456\u043d\u043a\u0430\",\"item\":\"https:\/\/novapay.ua\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Compliance with FATCA and CRS\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/novapay.ua\/en\/#website\",\"url\":\"https:\/\/novapay.ua\/en\/\",\"name\":\"NovaPay\",\"description\":\"\u0424\u0456\u043d\u0430\u043d\u0441\u043e\u0432\u0438\u0439 \u0441\u0435\u0440\u0432\u0456\u0441\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/novapay.ua\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Compliance with FATCA and CRS - NovaPay","description":"NovaPay complies with international requirements and Ukrainian legislation regarding the exchange of tax information under FATCA and CRS.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/novapay.ua\/en\/fatca-crs\/","og_locale":"en_US","og_type":"article","og_title":"Compliance with FATCA and CRS - NovaPay","og_description":"NovaPay complies with international requirements and Ukrainian legislation regarding the exchange of tax information under FATCA and CRS.","og_url":"https:\/\/novapay.ua\/en\/fatca-crs\/","og_site_name":"NovaPay","article_modified_time":"2026-04-09T08:54:19+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/novapay.ua\/en\/fatca-crs\/","url":"https:\/\/novapay.ua\/en\/fatca-crs\/","name":"Compliance with FATCA and CRS - NovaPay","isPartOf":{"@id":"https:\/\/novapay.ua\/en\/#website"},"datePublished":"2026-03-27T12:38:12+00:00","dateModified":"2026-04-09T08:54:19+00:00","description":"NovaPay complies with international requirements and Ukrainian legislation regarding the exchange of tax information under FATCA and CRS.","breadcrumb":{"@id":"https:\/\/novapay.ua\/en\/fatca-crs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/novapay.ua\/en\/fatca-crs\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/novapay.ua\/en\/fatca-crs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0413\u043e\u043b\u043e\u0432\u043d\u0430 \u0421\u0442\u043e\u0440\u0456\u043d\u043a\u0430","item":"https:\/\/novapay.ua\/en\/"},{"@type":"ListItem","position":2,"name":"Compliance with FATCA and CRS"}]},{"@type":"WebSite","@id":"https:\/\/novapay.ua\/en\/#website","url":"https:\/\/novapay.ua\/en\/","name":"NovaPay","description":"\u0424\u0456\u043d\u0430\u043d\u0441\u043e\u0432\u0438\u0439 \u0441\u0435\u0440\u0432\u0456\u0441","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/novapay.ua\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/novapay.ua\/en\/wp-json\/wp\/v2\/pages\/21825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/novapay.ua\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/novapay.ua\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/novapay.ua\/en\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/novapay.ua\/en\/wp-json\/wp\/v2\/comments?post=21825"}],"version-history":[{"count":2,"href":"https:\/\/novapay.ua\/en\/wp-json\/wp\/v2\/pages\/21825\/revisions"}],"predecessor-version":[{"id":21827,"href":"https:\/\/novapay.ua\/en\/wp-json\/wp\/v2\/pages\/21825\/revisions\/21827"}],"wp:attachment":[{"href":"https:\/\/novapay.ua\/en\/wp-json\/wp\/v2\/media?parent=21825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}