Information for customers - foreign taxpayers
Please be informed that starting 01 January 2016 Siauliu bankas AB, the same as other banks in Lithuania, is required to collect the information regarding foreign taxpayer‘s country of tax residence and taxpayer identification number.
This information will be collected asking the customers to fill in the Know Your customer questionnaires. The customers-natural persons who are the taxpayers in the foreign countries, will be required to indicate a country of tax residence and taxpayer identification number (if any). The customers-legal entities that are the taxpayers in the foreign countries, will be required to indicate this information not only on a legal entity itself but also on the beneficial owners of the legal entity.
Starting 2017, the collected information will be provided to the State Tax Inspectorate of the Republic of Lithuania.
Information will be collected following Regulations No. VA-102 regarding delivery of information required for implementation of international cooperation commitments regarding automated exchange of information on financial accounts approved by the Head of the State Tax Inspectorate Under the Ministry of Finance in compliance with resolution No. 1017 of the Government of the Republic of Lithuania dated 23 September 2015.