Reporting Financial Institutions (RFIs) must collect the following information from account holders who are tax resident in other jurisdictions:
- Full name
- Address
- Jurisdiction(s) of tax residence
- Tax Identification Number (TIN)
- Date and place of birth (for individuals)
- Account number
- Account balance
- Income details such as interest, dividends, and proceeds from the sale of financial assets.
This information is gathered through due diligence procedures and self-certification forms, and must submitted annually to the Samoan tax authority via the MDES platform.
