FUTU HK Help Center-Introduction to FATCA (Foreign Account Tax Compliance Act)

Introduction to FATCA (Foreign Account Tax Compliance Act)

1. What is the Foreign Account Tax Compliance Act (FATCA) of the US?

FATCA is a US-made tax law that went into effect in 2014.
FATCA is designed to prevent US taxpayers from using offshore financial accounts to avoid complying with US tax obligations. FUTU HK is legally responsible for identifying its clients and reporting their information to the IRS.

2. Which institutions are affected?

Financial institutions, including FUTU HK.

3. Why is FATCA relevant to me?

According to the act, you are required to declare and confirm your tax identity and your financial information to us as required by FATCA.

4. Which clients in FUTU HK are affected?

All clients. Clients are required to complete either a W-8 form to confirm their non-US tax identity or a W-9 form to confirm their US tax identity. Only US account holders' information will be reported.

5. When will the relevant information be reported?

Under the current arrangement, FUTU HK is required to report its clients' information for the previous year to the IRS by March of each year.

6. What are the clients' responsibilities?

All customers fill out the appropriate form at the time of opening an account to confirm their US tax identity and then reconfirm their US tax identity every 3 years. If there is any change during these 3 years, the customer should update the US tax status with FUTU HK as soon as possible. In addition, according to the relevant filing instructions issued by the IRS, a non-US person is subject to withholding tax in respect of certain receipts originating in the United States, and a non-US person may claim tax relief for the certain non-US person only through W-8.

7. Where can I find information about FATCA?

See the IRS website for details(English version only)

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Apr 14 07:43

"Leaving the Group - Raising Taxes - Tweeting: The 'Money Making Strategy' of the Most Wild Gemini in Contemporary Times"

It's said that Trump is a walking drama machine, raising tariffs today and praising China tomorrow, making stock investors feel like they are on a roller coaster every day. But if you have seen hisThe Art of Trade, and then take another look at hisGemini horoscope—Wow! This guy's approach is simply the business version of "Empresses in the Palace", with every step marked by the four big characters "I want to make money".
The main core strategy in the book "The Art of Trade" is the combination of business thinking and the art of gaming.
Its core logic can be summarized into the following five dimensions:
1. The underlying logic of "creating momentum" and "the combination of reality and illusion".
The book emphasizes "always let the other party make the first offer" and "exaggerate demand to gain leverage."

This strategy is often seen in tariff policies and trade negotiations.
[Example]
By imposing tariffs on various countries to create pressure, opponents are forced to the negotiation table, and then an agreement is reached through phased concessions.
II. Practical Application of the "Big Negotiation" Strategy

First, he scared everyone quite a bit, and then he gave a little reward.Imagine you are bargaining in a vegetable market, and Trump's approach is to first raise a loudspeaker and shout: "This pile of cabbage must be sold to me for 100 yuan today!" When the vendor is stunned, he suddenly rubs his hands and says: "But seeing that you are not having an easy time, let's settle for 80 yuan~"

[Example]
1. In 2018, tariffs were imposed on CN commodities, turning the global stock market into a green wilderness. Just when everyone was about to collapse, he suddenly signed a first-phase agreement and triumphantly tweeted: "No one understands deals better than I do!"

2. On April 2, 2025, ...