FATCA

The United States Foreign Account Tax Compliance Act (FATCA) was enacted in 2010 as part of the US Hiring Incentives to Restore Employment Act (HIRE) and is effective from 1 July 2014. The law is enforced by the US tax authority, the Internal Revenue Service (IRS).

The purpose of FATCA is to improve the tax compliance of US taxpayers who have foreign financial assets and offshore accounts. FATCA requires financial institutions to report on information about their US customers, which information will be passed to the IRS.

Under the provisions of FATCA, brokers, producers, agents and/or insurance customers making payments to insurance or reinsurance entities or other intermediaries may need to obtain withholding certificates (IRS Forms W-8 or W-9) to confirm the recipient’s compliance with the FATCA regulations. Typically, Form W-8BEN-E is provided by non-US entities and Form W-9 is provided by US entities.

Please consult your tax adviser for further information on FATCA.

Information on FATCA can also be obtained from the IRS at:

http://www.irs.gov/Businesses/Corporations/Foreign-Account-Tax-Compliance-Act-FATCA

Liberty Mutual Insurance and FATCA

The Liberty Mutual Insurance Group is FATCA compliant.

Questions regarding Liberty Global Transaction Solutions FATCA compliance, including requests for IRS Forms W-8 or W-9, should be sent to FATCA@LibertyGlobalGroup.com.