Common use of Account Reporting Information Clause in Contracts

Account Reporting Information. Russian residents are required to notify Russian tax authorities within one (1) month of opening, closing or changing the details of a foreign account. Russian residents also are required to report (i) the beginning and ending balances in such a foreign bank account each year and (ii) transactions related to such a foreign account during the year to the Russian tax authorities, on or before June 1 of the following year. The tax authorities can require you to provide appropriate supporting documents related to transactions in a foreign bank account.

Account Reporting Information. Russian residents are required to notify the Russian tax authorities within one (1) month of opening, opening or closing or changing the details of a foreign account. Russian residents also are required to report (i) the beginning and ending balances in such a foreign bank account each year and (ii) transactions related to such a foreign account during the year to the Russian tax authorities, on or before June 1 of the following year. The tax authorities can require you to provide appropriate supporting documents related to transactions in a foreign bank account, or of changing any account details. Effective as of January 1, 2015, Russian residents also will be required to file with the Russian tax authorities reports of the transactions in his or her foreign bank accounts.

Account Reporting Information. Russian residents are will be required to notify the Russian tax authorities within one (1) month of opening, opening or closing or changing the details of a foreign account. Russian residents also are required to report (i) the beginning and ending balances in such a foreign bank account each year and (ii) transactions related or of changing any account details. Russian residents are also required to such a foreign account during the year to file with the Russian tax authorities, on or before June 1 authorities reports of the following year. The tax authorities can require you to provide appropriate supporting documents related to transactions in a their foreign bank accountaccounts. Participant should consult with his or her personal tax advisor for additional information about these reporting obligations.

Account Reporting Information. Russian residents are required to notify Russian tax authorities within one (1) month of opening, closing or changing the details of a foreign account. Russian residents also are required to report (i) the beginning and ending balances in such a foreign bank account each year and (ii) transactions related to such a foreign account during the year to the Russian tax authoritiesauthorities , on or before June 1 of the following year. The tax authorities can require you to provide appropriate supporting documents related to transactions in a foreign bank account.

Account Reporting Information. Russian residents are Participant will be required to notify the Russian tax authorities within one (1) month of opening, closing or changing the any account details of a foreign bank account. Russian residents Participant is also are required to report (i) the beginning and ending balances in such a foreign bank account each year and (ii) transactions related to such a foreign account during the year to the Russian tax authorities, on or before June 1 of the following year. The tax authorities can require you to provide appropriate any supporting documents related to the transactions in a Participant’s foreign bank account. Participant should consult his or her personal tax advisor to ensure compliance with applicable requirements.

Account Reporting Information. As described above, Russian residents are will be required to notify the Russian tax authorities within one (1) month of opening, opening or closing or changing the details of a foreign accountbank account or of changing any account details. Russian residents are also are required to report (i) file reports of the beginning and ending balances in such a their foreign bank account each year and (ii) accounts with the Russian tax authorities on an annual basis. In addition, Russian residents are required to report any cash transactions related with respect to such a foreign account during the year bank accounts to the Russian tax authorities, on or before June 1 of the following year. The tax authorities can require you to provide appropriate any supporting documents related to the transactions in a Russian resident’s foreign bank account.

Account Reporting Information. Russian residents are required to notify the Russian tax authorities within one (1) month of opening, opening or closing or changing the details of a foreign bank account, or of changing any account details. Effective as of January 1, 2015, Russian residents also are will be required to report (i) the beginning and ending balances in such a foreign bank account each year and (ii) transactions related to such a foreign account during the year to file annually with the Russian tax authoritiesauthorities reports of the transactions in his or her foreign bank accounts. According to draft regulations implementing this law, the first annual report on an approved form for the reporting year 2015 should be due on or before June 1 of the following year1, 2016. The tax authorities can require you to provide appropriate any supporting documents related to transactions in a your foreign bank account.