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.
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.
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).

Examples of FFI Agreement in a sentence

  • Subject to the provisions of paragraph 2 of Article 4 of this Agreement, each Reporting [FATCA Partner] Financial Institution that registers with the IRS and complies with the terms of an FFI Agreement shall be treated as complying with the requirements of, and as not subject to withholding under, section 1471 of the U.S. Internal Revenue Code.

  • In accordance with the provisions of an FFI Agreement and relevant U.S. Treasury Regulations, Reporting [FATCA Partner] Financial Institutions may use third party service providers to fulfill the requirements of an FFI Agreement, but these requirements shall remain the responsibility of the Reporting [FATCA Partner] Financial Institutions.

  • The U.S. Competent Authority shall notify the [FATCA Partner] Competent Authority when the U.S. Competent Authority has determined that there is significant non-compliance with the requirements of an FFI Agreement or this Agreement with respect to a Reporting [FATCA Partner] Financial Institution.

  • Consistent with the terms of an FFI Agreement, [and subject to any further terms set forth in a competent authority agreement concluded pursuant to paragraph 3 of this Article,] the U.S. Competent Authority may make an inquiry directly to a Reporting [FATCA Partner] Financial Institution where it has reason to believe that administrative errors or other minor errors may have led to incorrect or incomplete information reporting inconsistent with the requirements of an FFI Agreement.


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.
FFI Agreement has the meaning ascribed to it under the AEOI Regimes.
FFI Agreement means the agreement entered into by the FFI with the IRS to comply with FATCA.
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.
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.
FFI Agreement means an agreement that sets forth the requirements, consistent with this Agreement, for the Reporting Republic of Moldova Financial Institution to be treated as complying with the requirements of section 1471(b) of the U.S. Internal Revenue Code.
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;