FATCA

Foreign Account Tax Compliance Act

SADAD is compliant with the requirements of FATCA and CRS, where applicable.

Foreign Account Tax Compliance Act (FATCA) is United States (US) Tax Law aimed at curbing tax evasion by US citizens and residents through the use of offshore accounts maintained outside the United States. It requires Foreign (non-US) Financial Institutions (FFIs) to identify their US clients (both individual and entities) and report on their account information to the Internal Revenue Service (IRS).

Common Reporting Standard (CRS) is a commonly used term for Automatic Exchange of Information (AEOI) in Tax Matters. CRS is published by Organization for Economic Co-operation and Development (OECD) and supported by G20 countries. Article 6 of the Convention on Mutual Administrative Assistance in Tax Matters provides a legal framework for its implementation globally. The main objective of CRS is to improve tax transparency through information sharing about financial assets of tax residents of a country in other jurisdictions participating in the CRS program.

W9 Form W8 BEN Form

Required Documents for FATCA:

# Indicia Status Instructions
1 USA Citizenship (Nationality/Passport) US Person Customer to provide W9 Form
2 Green Card Holder US Person Customer to provide W9 Form
3 US Tax Resident US Person Customer to provide W9 Form
4 Place of Birth USA non-US Person - US Indicia Customer to provide W8 BEN Form along with renuciation of US citizenship certificate
5 Residency in USA non-US Person - US Indicia Customer to provide W8 BEN Form

Countries

Kingdom of Bahrain

kiosks

More Than 750 kiosks Around Bahrain

Market Penetration

SADAD market penetration is 98%

milliseconds

Our system allows us to process one payment in 1.5 milliseconds

Enjoy Instant Payments at More Than 750 kiosks Around Bahrain

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Product

Resources

sadad

Call Center: 8000 8338, Email: info@sadadbahrain.com


Complaints Officer: Raja Isa Mohsen
Email: raja@sadadbahrain.com, Phone: 17744606