What is GIIN ?
GIIN stands for Glocal Iintermediary Iidentification Number. GIIN is something similar to tax identification number assigned to individual tax payer. GIINs are assigned by IRS ( Internal Revenue Service ) to Foreign financial institutions , withholding agents, and sponsoring entities.
How does a GIIN look like ?
Part 1 – FATCA ID
Part 2 – Type of the financial Institution
Part 3 – Status Code ( LE/SP/SL/ME/SL/BR)
Part 4 – ISO 3166-1 numeric Country Code ( See here )
Why do I need GIIN ?
GIIN is a unique ID used to identify financial organizations and withholding agents. To file FATCA reports, GIIN is required. It’s equivalent to tax Id.
How do I get GIIN ?
- You need to sign up at https://sa.www4.irs.gov/fatca-rup/
- Accept Terms, Create an Account
- Select correct Institution Type ( See types of Financial Institutions )
- Fill in Security Questions
- Create access code. ( Make a note, this access code will be required )
- FATCA ID is provided at the last step of the sign up process.
- Use FATCA ID and access code, to login and request GIIN.
I got my GIIN, now what ?
Make a note of GIIN, FATCA ID, and access code. All FATCA related transmissions require GIIN.