Entity Accounts With Respect to Which Reporting Is Required. With respect to Preexisting Entity Accounts described in paragraph B of this section, only accounts that are held by one or more Entities that are Specified U.S. Persons, or by Passive NFFEs with one or more Controlling Persons who are U.S. citizens or residents, shall be treated as U.S. Accounts. In addition, accounts held by Nonparticipating Financial Institutions shall be treated as accounts for which aggregate payments are required to be reported under an FFI Agreement.
Appears in 9 contracts
Sources: Cooperation Agreement, Agreement for Cooperation to Facilitate the Implementation of Fatca, Cooperation Agreement
Entity Accounts With Respect to Which Reporting Is Required. With respect to Preexisting Entity Accounts described in paragraph B of this section, only accounts that are held by one or more Entities entities that are Specified U.S. Persons, or by Passive NFFEs with one or more Controlling Persons who are U.S. citizens or residents, shall residents will be treated as U.S. Reportable Accounts. In addition, accounts held by Nonparticipating Financial Institutions shall will be treated as accounts for which aggregate payments as described in paragraph 1(b) of Article 4 of the Agreement are required reported to be reported under an FFI Agreement[FATCA Partner].
Appears in 8 contracts
Sources: Intergovernmental Agreement to Improve Tax Compliance and Implement Fatca, Intergovernmental Agreement to Improve Tax Compliance and Implement Fatca, Intergovernmental Agreement to Improve Tax Compliance and to Implement Fatca
Entity Accounts With Respect to Which Reporting Is Required. With respect to Preexisting Entity Accounts described in paragraph B of this section, only accounts that are held by one or more Entities entities that are Specified U.S. Persons, Persons or by Passive NFFEs with one or more Controlling Persons who are U.S. citizens or residents, residents shall be treated as U.S. Accounts. In addition, accounts held by Nonparticipating Financial Institutions shall be treated as accounts for which aggregate payments are required to be reported under an FFI Agreement.
Appears in 6 contracts
Sources: Cooperation Agreement, Cooperation Agreement, Agreement for Cooperation to Facilitate the Implementation of Fatca
Entity Accounts With Respect to Which Reporting Is Required. With respect to Preexisting Entity Accounts described in paragraph B of this section, only accounts that are held by one or more Entities that are Specified U.S. Persons, or by Passive NFFEs with one or more Controlling Persons who are U.S. citizens or residents, shall be treated as U.S. Reportable Accounts. In addition, accounts held by Nonparticipating Financial Institutions shall be treated as accounts for which aggregate payments are required to be reported under an FFI Agreement.
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