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FOREIGN ACCOUNT TAX COMPLIANCE ACT (FATCA) / COMMON REPORTING STANDARD (CRS) REASONABLE EXPLANATION FORM To: AIB I understand that AIB, in accordance with the Foreign Account Tax Compliance Act (FATCA).

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How to use or fill out the Reasonable Explanation Form - AIB online

This guide provides users with the necessary information and steps to effectively complete the Reasonable Explanation Form - AIB online. By following these instructions, users can ensure that their form is accurately filled out to meet the requirements of the Foreign Account Tax Compliance Act and the Common Reporting Standard.

Follow the steps to fill out the Reasonable Explanation Form - AIB online:

  1. Click the ‘Get Form’ button to obtain the Reasonable Explanation Form - AIB and open it in your preferred editor.
  2. In the designated section, indicate your tax residency by filling in the blank where it states "I confirm that I am a tax resident of _______________________." Be specific and ensure that the information you provide aligns with your tax residency status.
  3. Provide a detailed explanation for the differences between your stated tax residency and the information held by AIB. Use clear and precise language to cover all relevant details.
  4. List any documentation that supports your explanation in the section provided. This documentation might include items such as utility bills, tax assessments, or other relevant materials.
  5. Fill in your account number and customer name accurately to ensure proper identification.
  6. In the declaration section, confirm the accuracy of your provided information by signing and dating the form. This certification indicates your understanding of the responsibilities surrounding the information provided.
  7. Once the form is complete, save your changes and download the document for your records. You may also print it or share it as necessary to submit to AIB.

Ensure that your documentation is complete and submit your Reasonable Explanation Form - AIB online today.

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Revenue can provide you with a Letter of Residence. This is to confirm your tax residency to a foreign tax authority with which Ireland has a Double Taxation Agreement. You cannot use a Letter of Residence for any other purposes. You can request a Letter of Residence through the 'Manage My Record' portal in myAccount.

National Sorting Code (NSC) – unique number to identify your bank and branch.

Tax residency refers to the country in which you are a resident for tax purposes - the country in which you are registered to pay tax on income.

(AIB Group means Allied Irish Banks p.l.c., its subsidiaries and associated companies).

You can do this by: calling our 24-hour automated voicemail forms ordering service on 01 738 3675.

Residence for tax purposes You are resident for tax purposes for a year if: You spend 183 days or more in Ireland in that year or, If you spend 280 days or more in Ireland over a period of two consecutive tax years, you will be regarded as resident for the second tax year.

A Tax Clearance Certificate is confirmation from Revenue that an applicant's tax affairs are in order. Revenue may issue a Tax Clearance Certificate to a customer who has tax arrears where the arrears are covered by an instalment arrangement.

A tax residence is any place where you are legally required to pay taxes.

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