Why does Revolut collect tax information?
Revolut, as a financial institution, is required by law to collect and report information on your tax residencies. This is regulated by international standards, specifically CRS (Common Reporting Standard) and FATCA (Foreign Account Tax Compliance Act).
Revolut is required to obtain self-certification from customers on following information under FATCA/CRS:
- Resident address
- Date of birth
- Tax residencies: Jurisdiction(s) of tax residence. You're typically considered a tax resident in countries where you pay taxes or are physically present for at least six months of a year.
- Taxpayer Identification Number (TIN) with respect to each tax residency
Revolut Payments UAB and Revolut Bank UAB merger
- Why is Revolut Payments UAB merging with Revolut Bank UAB?
- When will the merger happen?
- What will change after the merger?
- Can I opt out of the merger?
- Do I need to transfer all of my money during the merger? Where will my money be safeguarded?
- Revolut Insurance Migration
- Device Insurance Migration
- Will there be new T&Cs?
- Do I need to submit my passport/national ID due to the merger if I already have an account?
- What will happen to my trading account after the merger?
- What will happen to my Savings Vault after the merger?
- On what basis are you able to change our agreement and merge?
- What is the Bank Of Lithuania and why can I trust them?
- Will Revolut still be regulated by FCA?
- Why wasn't I informed about the merger?