Reportable payment Clause Samples
A reportable payment clause defines payments that must be disclosed to tax authorities or other regulatory bodies due to legal or compliance requirements. Typically, this clause outlines the types of payments subject to reporting, such as certain fees, commissions, or compensation, and may specify the forms or documentation required for compliance. Its core function is to ensure that all parties fulfill their legal obligations regarding financial transparency and tax reporting, thereby reducing the risk of penalties or legal issues related to unreported transactions.
Reportable payment. “Reportable payment” has the meaning set forth in §1.1471- 1(b)(113).
Reportable payment. For purposes of this Agreement, a “reportable payment” means an amount described in section 2.69(A) of this Agreement, in the case of a U.S. payor, and an amount described in section 2.69(B) of this Agreement, in the case of a non-U.S. payor.
(A) U.S. Payor. If QI is a U.S. payor, a “reportable payment” means, unless an exception to reporting applies under chapter 61,--
(1) Any reportable amount;
(2) Any broker proceeds from a sale reportable under §1.6045-1(c); and
(3) Any foreign source interest, dividends, rents, royalties, or other fixed and determinable income.
(B) Non-U.S. Payor. If QI is a non-U.S. payor, a “reportable payment” means, unless an exception to reporting applies under chapter 61, --
(1) Any reportable amount;
(2) Any broker proceeds from a sale effected at an office inside the United States, as defined in §1.6045-1(g)(3)(iii); and
(3) Any foreign source interest, dividends, rents, royalties, or other fixed and determinable income if such income is not paid outside the United States as described under section 5.13(C)(1) of this Agreement.
Reportable payment. “Reportable payment” means a payment of interest or dividends (as defined in section 3406(b)(2)) and other reportable payments (as defined in section 3406(b)(3)).
Reportable payment. For purposes of this Agreement, a “reportable payment” means an amount described in section 2.69(A) of this Agreement, in the case of a U.S. payor, and an amount described in section 2.69(B) of this Agreement, in the
(A) U.S. Payor. If QI is a U.S. payor, a “reportable payment” means, unless an exception to reporting applies under chapter 61,
(1) Any reportable amount;
(2) Any broker proceeds from a sale reportable under §1.6045-1(c); and
(3) Any foreign source interest, dividends, rents, royalties, or other fixed and determinable income.
(B) Non-U.S. Payor. If QI is a non-U.S. payor, a “reportable payment” means, unless an exception to reporting applies under chapter 61,
(1) Any reportable amount;
(2) Any broker proceeds from a sale effected at an office inside the United States, as defined in §1.6045-1(g)(3)(iii); and
(3) Any foreign source interest, dividends, rents, royalties, or other fixed and determinable income if such income is not paid outside the United States as described under section 5.13(C)(1) of this Agreement.
Reportable payment. The term re- portable payment means a payment of interest or dividends (as defined in sec- tion 3406(b)(2)) and other reportable payments (as defined in section 3406(b)(3)).