Update my tax information
As a regulated financial institution, we're required to collect your tax residences 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.
How to update your tax residences
If you pay taxes in more than one country, all tax residences must be declared unless the country isn't listed. To find the correct format of the tax identification number (TIN) you need to submit, you can check the OECD website.
Update your tax residences in-app:
- Tap your profile icon in the top-left corner
- Tap 'Account'
- Choose 'Personal details'
- Select 'Tax residences'
- Tap 'Add' to add a new country, or tap the pencil icon and 'Edit' to update your TIN
- Enter the identification number requested
- If you have an existing country that you no longer pay taxes in (for example, your passport country), tap the pencil icon next to that country and 'Edit'
- Choose 'I can't provide it now' and select the applicable reason
If you add a new country where you pay taxes but you don't update the old country's information, you may still be asked to provide a TIN for the other country. Make sure to follow the steps on screen to edit the old tax information correctly.
It may take up to 1 business day for us to review your information and remove any restrictions.
I don't have the required TIN
If you don't have a TIN because you're a student, unemployed, retired, waiting for the TIN as a new employee, or you pay taxes in a different country:
- Use this link to go to our in-app 'Review your tax information' page
- Tap the pencil icon next to the country for which you don't have a TIN
- Select 'Edit' to modify the details
- Select 'I can't provide it now' and the applicable reason
If you're waiting on a document longer than 90 days, or are unable to get the proper document, tap below to connect with Revolut Support via the in-app chat.
Why does Revolut need my tax residency and tax identification number (TIN)?
Under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS), Revolut must collect certain tax-related information to identify whether an account holder qualifies as a reportable individual. For FATCA, this involves distinguishing US Persons, while CRS requires customers to identify any tax residences outside the country in which they hold an account. As part of these processes, we may also ask for some additional documentation to confirm your tax status.
If you fail to provide the required tax residency documentation, this may result in your account being limited.
What are FATCA and CRS?
The Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) are global reporting standards introduced by tax authorities to tackle tax evasion.
Common Reporting Standard (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 automatically exchange that information with other jurisdictions on an annual basis. For more details on CRS, visit the OECD website.
The Foreign Account Tax Compliance Act (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.