Examples of IRS Agreement in a sentence
In addition, in order (a) to obtain an exemption from FATCA withholding on payments it receives or (b) to comply with any applicable IGA legislation, a financial institution that enters into an IRS Agreement or is subject to IGA legislation may be required to (i) report certain information on its U.S. account holders to the government of the United States or another relevant jurisdiction and (ii) withhold 30 per cent.
The Regulation would align deadlines for granting import authorisations to deadlines for export authorisations (60 days and exceptionally 90 days).
To avoid withholding under "FATCA" (as defined in Master Condition 1(a) (Definitions)), a non-U.S. financial institution ("FFI") must enter into an agreement with the Internal Revenue Service (an "IRS Agreement") (as described below) or otherwise be exempt from the requirements of FATCA.
In order to be treated as FATCA compliant, the Issuer anticipates that it will comply with the IGA and any implementing legislation in respect of the IGA, and the Guarantor may enter into an agreement with the IRS (an "IRS Agreement").
To the extent any payments in respect of the Notes are made to a Noteholder by an Intermediary, such Noteholder may be required to comply with the Intermediary's requests for identifying information that would permit the Intermediary to comply with its own IRS Agreement.
In order to comply with its information reporting obligation under the IRS Agreement, the Issuer will be obliged to obtain information from all Noteholders.
In addition, the Issuer has the right to withhold at the required rate (currently 30 per cent.) on all payments made to any beneficial owner of an interest in any of the Notes that fails to supply identifying information requested by the Issuer in connection with FATCA or to certain FFIs that fail to enter into an IRS Agreement or comply with an applicable IGA.
To avoid withholding under "FATCA{ XE "FATCA" }" (as defined in Master Condition 1(a) (Definitions)), a non-U.S. financial institution ("FFI{ XE "FFI" }") must enter into an agreement with the Internal Revenue Service (an "IRS Agreement{ XE "IRS Agreement" }") (as described below) or otherwise be exempt from the requirements of FATCA.
Further, the Issuer's failure to enter into an IRS Agreement may preclude certain of its affiliates from themselves complying with FATCA.
Surprisingly, none of these factors produce a direct effect on the value (both average and maximum) of the innovations.Further investigation, however, reveals that the average and the maximum value increase as the number of the inventor’s patents increases.