Taxation

The gain earned through the fund is tax free and must be included in your personal income tax or co-operate tax declaration.

What is FATCA?

FATCA is a United States Federal Law to prevent US persons/entities from avoiding taxes by holding assets through foreign accounts. It stands for Foreign Account Tax Compliance Act (FATCA).

While JB Financial is not a participating FFI* under FATCA, we have given our consent to our Trustee, Deutsche Bank AG, to disclose relevant transaction information to United States Internal Revenue Service or any FATCA related legal body as required.