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As a regulated financial institution, we're required to collect your tax residence information. Depending on your country, we may require a tax identification number (TIN) to confirm your tax status. To check what your country's TIN is, visit this FAQ.

You're typically considered a tax resident where you live or reside for 6 months of the year. Most people live at a single tax address. Should you have 2 or more fixed addresses in different countries, then you may be considered a tax resident in multiple jurisdictions.

Your account will be closed if you fail to provide the required tax information when requested.

All tax residences must be declared. To update your tax residencies in-app:

• Tap your profile icon in the top-left corner
• Select ‘Account’, ‘Personal details’, and ‘Tax residencies’
• Tap ‘Add’ to add a new country, or the pencil icon to update your TIN
• For a country that you no longer pay taxes in, tap the pencil icon next to that country and tap ‘Delete tax residence’

To find the correct format of the tax identification number (TIN) you need to submit, you can check the OECD website.

If you don't have a local TIN because you're a student, intern, diplomatic staff, or a relative of diplomatic staff, you may be eligible for an exemption. Look for the 'I can't provide it' option when submitting your tax residence.

The exemption will only apply to the country you are registered in. You still need to declare at least one tax residence and its corresponding TIN to keep your account open. If you do not see the option to declare an exemption then the local TIN is mandatory.

In case you're not a tax resident in your address country, you may need to update your address — read this FAQ to learn more.

Under the Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA), we need to collect certain tax-related information to identify whether an account holder qualifies as a reportable individual.

CRS was developed by the Organisation for Economic Co-operation and Development (OECD). It requires participating jurisdictions to obtain information from their financial institutions and exchange that information with other jurisdictions annually. For more details on CRS, visit the OECD website.

FATCA is a United States legislation that requires foreign financial institutions to obtain information about the foreign financial assets held by US citizens. For more details on FATCA, visit the IRS website.