Disclosure Statement

The Organization for Economic Cooperation and Development (OECD) developed a global model based on a uniform standard, the Common Reporting Standard (CRS), which offers the possibility of exchanging tax information. Based on this legal foundation, the (currently around 100) participating countries undertake to follow the guidelines with the aim of preventing tax crimes.

After incorporation into the legal system of the European Union, the CRS was implemented in Austria in the so-called Gemeinsamer Meldestandard-Gesetz (GMSG).

Austrian financial institutions review their financial accounts, identify reportable accounts and ultimately report reportable data to the competent tax authority.

Financial institutions must therefore implement appropriate processes to determine, among other things, the tax residency of their customers. If a customer is tax resident in a participating state, the financial institution must generally submit a report to the Austrian tax authority. The latter forwards the information to the country of residence, if necessary.

Our reporting obligations under the GMSG

The GMSG, which has been in force since 1 October 2016, obliges financial institutions such as DenizBank to determine the tax residency(s) of their customers. To this end, DenizBank must generally obtain tax self-disclosures from all new customers, both natural persons and legal entities.
If a tax residence is established in a country (other than Austria) that participates in the automatic exchange of information (Common Reporting Standard – CRS), DenizBank is legally obliged to report legally required information to the Austrian Ministry of Finance. The Ministry of Finance transmits this information to the competent tax authorities of the respective countries of residence of the customers as part of the international automatic exchange of information. The countries with which Austria exchanges data are determined annually by the Federal Ministry of Finance by ordinance.

What data do we need to report?

The notification includes legally defined categories according to § 3 GMSG:

• Identification data:
  • Name, address, country of residence, tax identification number(s) (TIN)
  • Date of birth
  • Place of birth, if applicable
• Account and institution details:
  • Account number / custody account number
  • Account balance/value at the end of the relevant calendar year (or indication of account closure during the reporting period),
  • Income credited (in particular interest, dividends, other income) of the calendar year in question,
  • Gross proceeds from the sale/repayment of financial assets in the relevant calendar year
• Legal entities:
  • In addition, information on controlling persons, insofar as reportable (in particular name, address, residence(s), TIN, dates of birth)

When will we report the data (time of notification)?

The notification must be made annually by 31 July of the year following the reporting year.

Privacy & Your Rights

You can obtain a copy of your GMSG notification from us on request. If the data provided by us in the report, such as name, address or tax identification number, is incorrect, please inform us immediately so that we can make an appropriate correction. For further details on the processing of your personal data and on your rights under the GDPR, please refer to our Privacy Policy.

Contact Now

If you have any questions, please do not hesitate to contact us, via phone or our contact form

Pursuant to the U.S. PATRIOT Act (Appropriate Measures to Prevent and Combat Terrorism Act) and the final regulations issued by the U.S. Department of the Treasury, a U.S. financial institution (or a U.S. broker-dealer) that is regulated by the U.S. federal authorities is required to obtain certain information from any "foreign financial institution" that maintains a correspondent bank account with the respective U.S. financial institution. As provided for in the regulations having the force of law, DenizBank AG has prepared a global attestation that may be used by any financial institution that may require a PATRIOT Act attestation from DenizBank AG. Please use this certificate instead of an individually issued certificate form.

• US Patriot Act - 05.03.2026 (Englisch)

The Agreement between the Republic of Austria and the United States of America on cooperation for easier implementation of "Foreign Account Tax Compliance Act” (FATCA), is entered into force on 1st July 2014.

According to this agreement, all domestic financial institutions are required to report certain persons, account and deposit data from U.S. taxpayers to the U.S. IRS (Internal Revenue Service).

If the respective financial institutions do not comply with the FATCA agreement, they face the exclusion of the American capital market, a 30% penalty tax and the restricted access of Austrian customers to the U.S. market.

The accounts and deposits of natural and legal persons in which a U.S. person holds at least 25% are affected by the FATCA agreement.

DenizBank AG is registered as a "Reporting Financial Institutions under a model 2 IGA" on the U.S. IRS page with the following GIIN number: NT6NQT.00020.ME.040

You can find general information about FATCA and the Agreement between the Republic of Austria and the United States of America in English and German at following the links:

Information concerning those measures implemented by DenizBank AG to ensure compliance with corporate governance provisions, the regulation of remuneration and in relation to the branch office directory and the key indicators in the annual financial statement.

List in accordance with Article 89 of the EU Capital Requirements Directive IV