PFIC definition
PFIC means a passive foreign investment company as defined in the Code.
PFIC means a passive foreign investment company.
PFIC means a “passive foreign investment company” within the meaning of Section 1297(a) of the Code.
Examples of PFIC in a sentence
The Company does not believe it is a Passive Foreign Investment Company (“PFIC”) within the meaning of Section 1296 of the United States Internal Revenue Code of 1986, as amended, and does not believe it is likely to become a PFIC.
The Company intends to use its reasonable efforts to avoid being classified as a PFIC for all subsequent taxable years.
More Definitions of PFIC
PFIC shall have the meaning ascribed to such term in Section 4.18.
PFIC means a passive foreign investment company for U.S. federal income tax purposes;
PFIC has the meaning set forth in Section 5.7;
PFIC shall have the meaning assigned to such term in Section 3.1(kk).
PFIC has the meaning set forth in Section 8.01(j).
PFIC means a passive foreign investment company within the meaning of Section 1297 of the Code;
PFIC means the passive foreign investment company within the meaning of Section 1297 of the Code.