FFI Agreement definition

FFI Agreement means an agreement that sets forth the requirements, consistent with this Agreement, for the Reporting [FATCA Partner] Financial Institution to be treated as complying with the requirements of section 1471(b) of the U.S. Internal Revenue Code.
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FFI Agreement means any agreement pursuant to the implementation of FATCA or an IGA with the US Internal Revenue Service, the US Government or any other Authority.
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FFI Agreement means an agreement described in §1.1471-4(a) and provided in Rev. Proc. 2014-3, 2014-3 I.R.B. 419, as revised by Rev. Proc. 2014-38, 2014-29 I.R.B. 131 (and any superseding revenue procedure).
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Examples of FFI Agreement in a sentence

  • For purposes of this definition, the term FFI Agreement means an agreement that sets forth the requirements for a Financial Institution to be treated as complying with the requirements of section 1471(b) of the U.S. Internal Revenue Code.

  • The term Participating FFI means a Financial Institution that has agreed to comply with the requirements of an FFI Agreement, including a Financial Institution described in a Model 2 IGA that has agreed to comply with the requirements of an FFI Agreement.

  • In addition, for purposes of this definition, the term Model 2 IGA means an arrangement between the United States or the Treasury Department and a non-U.S. government or one or more agencies thereof to facilitate the implementation of FATCA through reporting by Financial Institutions directly to the IRS in accordance with the requirements of an FFI Agreement, supplemented by the exchange of information between such non-U.S. government or agency thereof and the IRS.

  • 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.

  • For purposes of this definition, the term FFI Agreement means where relevant, an FFI Agreement as defined in Article 1 of the Agreement as well as an agreement that sets forth the requirements for a Financial Institution to be treated as complying with the requirements of section 1471(b) of the U.S. Internal Revenue Code.


More Definitions of FFI Agreement

FFI Agreement means an agreement between the IRS and the participating FFI; and includes QI agreement, a withholding partnership agreement and a withholding trust agreement that is entered into by a FFI Model 1 FFI) that has an effective date or renewal date on or after June 30, 2014.
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FFI Agreement means an agreement that sets forth the requirements, consistent with this Agreement, for the Reporting HKSAR Financial Institution to be treated as complying with the requirements of section 1471(b) of the U.S. Internal Revenue Code.
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FFI Agreement means the agreement entered into by the FFI with the IRS to comply with FATCA.
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FFI Agreement has the meaning ascribed to it under the AEOI Regimes.
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FFI Agreement means the agreement entered into by the FFI with the IRS to comply with FATCA. “Futures Contract” means any futures contract which is traded on any futures exchange.
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FFI Agreement means an agreement with the Inland Revenue Service of the US as contemplated by Section 1471(b) of the US Internal Revenue Code of 1986, and any equivalent agreement with the UK or any other country under its AEOI regime;
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FFI Agreement means an agreement that sets forth the requirements, consistent with this Agreement, for the Reporting Bermuda Financial Institution to be treated as complying with the requirements of section 1471(b) of the U.S. Internal Revenue Code.
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