Common use of Annual Tax Reporting Obligation Clause in Contracts

Annual Tax Reporting Obligation. The Chilean Internal Revenue Service (“CIRS”) requires all taxpayers to provide information annually regarding: (i) the taxes paid abroad which they will use as a credit against Chilean income taxes, and (ii) the results of foreign investments. These annual reporting obligations must be complied with by submitting a sworn statement setting forth this information using Form 1851 “Annual Sworn Statement Regarding Investments Held Abroad”, which is due by June 30 each year. This statement must be submitted electronically through the CIRS website: xxx.xxx.xx. The Participant's investment in the Shares must also be registered with the CIRS for the Participant to be entitled to a foreign tax credit for any tax withheld on dividends abroad, if applicable, and such registration also provides evidence of the acquisition price of the Shares which the Participant will need when the Shares are sold. The Participant should consult with his or her personal legal advisors regarding how to register with the CIRS.

Appears in 1 contract

Samples: Option Award Agreement (First Solar, Inc.)

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Annual Tax Reporting Obligation. The Chilean Internal Revenue Service (“CIRS”) requires all taxpayers to provide information annually regarding: (i) the taxes paid abroad which they will use as a credit against Chilean income taxes, and (ii) the results of foreign investments. These annual reporting obligations must be complied with by submitting a sworn statement setting forth this information using Form 1851 “Annual Sworn Statement Regarding Investments Held Abroad", which is due by June 30 each year. This statement must be submitted electronically through the CIRS website: xxx.xxx.xx. The Participant's Participants' investment in the Shares must also be registered with the CIRS for the Participant to be entitled to a foreign tax credit for any tax withheld on dividends abroad, if applicable, and such registration also provides evidence of the acquisition price of the Shares which the Participant will need when the Shares are sold. The Participant should consult with his or her personal legal and tax advisors regarding how to register with the CIRS.

Appears in 1 contract

Samples: Share Award Agreement (First Solar, Inc.)

Annual Tax Reporting Obligation. The Chilean Internal Revenue Service (“CIRS”) requires all taxpayers to provide information annually regarding: (i) the taxes paid abroad which they will use as a credit against Chilean income taxes, and (ii) the results of foreign investments. These annual reporting obligations must be complied with by submitting a sworn statement setting forth this information using Form 1851 “Annual Sworn Statement Regarding Investments Held Abroad”, which is due by June 30 each year. This statement must be submitted electronically through the CIRS website: xxx.xxx.xx. The Participant's investment in the Shares must also be registered with the CIRS for the Participant to be entitled to a foreign tax credit for any tax withheld on dividends abroad, if applicable, and such registration also provides evidence of the acquisition price of the Shares which the Participant will need when the Shares are sold. The Participant should consult with his or her personal legal and tax advisors regarding how to register with the CIRS.

Appears in 1 contract

Samples: Performance Unit Award Agreement (First Solar, Inc.)

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Annual Tax Reporting Obligation. The Chilean Internal Revenue Service (“CIRS”) requires all taxpayers to provide information annually regarding: (i) the taxes paid abroad which they will use as a credit against Chilean income taxes, and (ii) the results of foreign investments. These annual reporting obligations must be complied with by submitting a sworn statement setting forth this information using Form 1851 “Annual Sworn Statement Regarding Investments Held Abroad”, which is due by June 30 each year. This statement must be submitted electronically through the CIRS website: xxx.xxx.xx. The Participant's investment in the Shares must also be registered with the CIRS for the Participant to be entitled to a foreign tax credit for any tax withheld on dividends abroad, if applicable, and such registration also provides evidence of the acquisition price of the Shares which the Participant will need when the Shares are sold. The Participant should consult with his or her personal legal and tax advisors regarding how to register with the CIRS.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (First Solar, Inc.)

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