FATCA

FATCA (The Foreign Account Tax Compliance Act) is a U.S. legislation that was enacted in March 18, 2010 and that entered into force on July 1st, 2014. The purpose of FATCA is to improve compliance of U.S. taxpayers who hold financial assets outside U.S.A. via introduction of a reporting regime for financial institutions with respect to certain accounts.

FATCA requires from non-U.S. financial institutions to identify U.S. financial account holders and entities with U.S. controlling person and to report information about the financial assets in their financial accounts.

If non-U.S. financial institution will not participate in FATCA system it will be subject to 30 % withholding on withholdable payments irrespective if beneficial recipient of such payment is the financial institution itself or its clients.

In order to remove domestic legal impediments to compliance, the U.S. Treasury Department has collaborated with foreign governments to develop Intergovernmental Agreements (IGA) for FATCA implementation in several forms.

Agreement between Government of the Republic of Slovenia and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA (Agreement) was signed on June 2, 2014 and is in effect from July 1, 2014. Agreement follows IGA Model 1 with reciprocity in exchange of information between the countries.

Accordingly, NLB d.d. has registered itself as a Lead Financial Institution of NLB FATCA Expanded Affiliated Group with the U.S. Internal Revenue Service (IRS) FATCA Register as a "Registered Deemed Compliant FFI- Model 1 Reporting FI".

The GIIN (Global Intermediary Identification Number) assigned to NLB is: DQANI4.00000.LE.705

NLB d.d. acts as a Lead financial institution for members of NLB FATCA Expanded Affiliated group

Member of EAG (Legal name, as registered in FATCA system)	Registration Type	GIIN or FATCA Status	Country
Nova Ljubljanska banka d.d., Ljubljana	Registered Deemed-Compliant Financial Institution (including a Reporting Financial Institution under a Model 1 IGA)	DQANI4.00000.LE.705	Slovenia
NLB Banka a.d. Beograd	Registered Deemed-Compliant Financial Institution (including a Reporting Financial Institution under a Model 1 IGA)	DQANI4.00001.ME.688	Serbia
NLB Banka a.d. Podgorica	Registered Deemed-Compliant Financial Institution (including a Reporting Financial Institution under a Model 1 IGA)	DQANI4.00003.ME.499	Montenegro
NLB Banka sh.a. Prishtina	Registered Deemed-Compliant Financial Institution (including a Reporting Financial Institution under a Model 1 IGA)	DQANI4.00007.ME.901	Kosovo
NLB Skladi d.o.o.	Registered Deemed-Compliant Financial Institution (including a Reporting Financial Institution under a Model 1 IGA)	DQANI4.00008.ME.705	Slovenia
NLB Banka d.d., Sarajevo	Participating Financial Institution not covered by an IGA; or a Reporting Financial Institution under a Model 2 IGA	DQANI4.00005.ME.070	Bosnia and Herzegovina
NLB Banka a.d., Banja Luka	Participating Financial Institution not covered by an IGA; or a Reporting Financial Institution under a Model 2 IGA	DQANI4.00004.ME.070	Bosnia and Herzegovina
NLB Banka A.D. Skopje	Participating Financial Institution not covered by an IGA; or a Reporting Financial Institution under a Model 2 IGA	DQANI4.00006.ME.807	Macedonia (FYR)