Tax & Residency Data

Why do you need to collect tax data about my business?

Together with our partnerbank solarisBank AG, we are legally required to collect certain tax information about your business. This data includes: T...

What is the TIN?

The TIN in Germany is the "Steuernummer", also known as "Wirtschaftliche Identifikationsnummer". The TIN is provided by the responsible a...

Where can I find the German TIN?

Your responsible Finanzamt (local tax authority) will have sent you a letter after the company formation or the registration of your business which will show...

What is the Common Reporting Standard?

The Common Reporting Standard (CRS) is a new information-gathering and reporting requirement for financial institutions in participating countries, to help ...

Which CRS Type do I have to select?

First of all- What is the CRS? Read the article here: What is the CRS? The Common Reporting Standard defines different categories which a company can be...

What is an "Active non-financial entity"?

You can most likely be considered an "Active non-financial entity" if you fall in any of the sub-categories below: - Operational company: Your bu...

What is a "Passive non-financial entity"?

In case your business does not fall under the definition of an "active non-financial entity" and is not a "Financial Institution", then ...

What is a "Passive non-financial entity investment holding type B"?

Your business is an investment entity located in a non-participating jurisdiction and is managed by another Financial Institution.

What happens if I don't provide this information within 90 days of account opening?

Unfortunately, if this information is not submitted within 90 days of your account opening, we are legally obliged to automatically freeze your account unti...

Will you share my tax information with anyone?

Penta and solarisBank AG fully respect your data privacy. We will only disclose your information to the relevant tax authorities if we are legally required ...

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