FATCA

According the BIR's FATCA Advisory released on 10 September 2015, reporting by Philippine financial institutions under FATCA is suspended with the instruction for these Philippine FIs to prepare for full compliance by second quarter of 2016.

RCBC's obligation to report certain account information of U.S. account holders will occur annually and shall follow the prescribed reporting guidelines of the U.S. IRS and the BIR.

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