Reportable Person definition

Reportable Person means a Reportable Jurisdiction Person other than: (i) a corporation the stock of which is regularly traded on one or more established securities markets; (ii) any corporation that is a Related Entity of a corporation described in clause (i); (iii) a Governmental Entity; (iv) an International Organisation; (v) a Central Bank; or (vi) a Financial Institution.

Reportable Person. Means reportable person other than:

Reportable Person means a Member State Person other than an Excluded Person.

Examples of Reportable Person in a sentence

• If any of the Controlling Persons of a Passive NFE is a Reportable Person, then the account must be treated as a Reportable Account.

• Determining whether a Controlling Person of a Passive NFE is a Reportable Person.

• A Reportable Person will be treated as being a beneficiary of a trust if such Reportable Person has the right to receive directly or indirectly (for example, through a nominee) a mandatory distribution or may receive, directly or indirectly, a discretionary distribution from the trust.

• A Reporting Financial Institution may presume that an individual beneficiary (other than the owner) of a Cash Value Insurance Contract or an Annuity Contract receiving a death benefit is not a Reportable Person and may treat such Financial Account as other than a Reportable Account unless the Reporting Financial Institution has actual knowledge, or reason to know, that the beneficiary is a Reportable Person.

• If based on this review such account is identified as a Reportable Account, the Reporting Financial Institution must report the required information about such account with respect to the year in which it is identified as a Reportable Account and subsequent years on an annual basis, unless the Account Holder ceases to be a Reportable Person.

More Definitions of Reportable Person

Reportable Person means a reportable jurisdiction person who is not—

Reportable Person means an individual who is tax resident in a Reportable Jurisdiction under the tax laws of that jurisdiction.

Reportable Person. A 'Reportable Person' means one or more persons other than,

Reportable Person means a Reportable Person as defined in the Common Reporting Standard.

Reportable Person means a Reportable Person as that term is defined in the CRS. …

Reportable Person means according to the CRS (a) an individual or entity that is a resident for tax purposes of a reportable jurisdiction; or (b) an estate of a decedent who was a resident for tax purposes of a reportable jurisdiction; but this does not include (1) a corpo- ration the stock of which is regularly traded on an established securities markets; (2) a corporation that is a related entity of a corporation mentioned in subparagraph (1) above; (3) a governmental entity; (4) an international organization; (5) a central bank; or (6) a financial institution (except for an Investment Entity that are not Participating Jurisdiction Financial Institu- tions and treated as Passive NFE’s).

Reportable Person means a natural person who is a resident for tax purposes in a Reportable Jurisdiction under the tax laws of that Jurisdiction. Natural persons with dual residence may use the subsidiary rules contained in international tax treaties (if applicable) to resolve cases of dual residence in order to determine their residence for tax purposes. TIN (or number with an equivalent function) is a taxpayer’s tax identification number or a number with an equiv alent function in the absence of a TIN. A TIN is a unique combination of letters or numbers assigned by a Jurisdiction to a natural person or entity and used to identify the natural person or entity for the purposes of applying the tax laws of the Jurisdiction. Further information about acceptable TINs is av ailable at the f ollowing link: xxxx://xxx.xxxx.xxx/tax/Automatic-exchange/ Some jurisdictions do not issue TINs. However, these Jurisdictions often use another high-integrity number with an equivalent function.