CRS. Child safety restraint system, such as an infant- or child-safety seat.
CRS. Article 17.5
CRS. 11.2.1 The Common Reporting Standard (“CRS”) was created by the Organisation for Economic Cooperation & Development "OECD" to automatically exchange tax related information of individuals and entities. Financial institutions of the participating jurisdictions (those that signed the Multilateral Competent Authority Agreement) are obliged to collect and report specific information to their local authority. This financial regulation aims to protect the integrity of tax systems and governments globally.
CRS. Following the creation of the Common Reporting Standard (“CRS”), as introduced by the Organization for Economic Cooperation & Development ("OECD") for automatic exchange of tax related information for individuals and entities, the Company, being a financial institution within the participating jurisdiction, is required to collect and report specific information about client(s) who fall under the reportable category, to the local authority. In this regard, the Company shall determine whether the Client, being an account holder of a financial account, either as an entity or an individual, is considered a “tax reportable person”
CRS. (b) In case the Commissioning of the Project is delayed beyond the date as indicated in 5.13.1 (c), the Contracted Capacity shall stand reduced/ amended to the Part Capacity Commissioned till date. Procurement of the balance capacity shall be at the sole discretion of the Procurer and the AFC for the same shall be lower of the (a) the rates discovered in the latest competitive bid in the country for providing storage services from any technology, or (b) 75% of the AFC quoted by the Developer.
CRS. 5.15.1 In case the Commissioning of the PHESS is delayed beyond the date as indicated in 5.15.1, (that is 180 days from SCOD) the Contracted Capacity shall stand reduced/ amended to the Capacity Commissioned and the ESFA for the balance capacity will stand terminated and shall be reduced from the selected Contracted Capacity.
CRS. The CRS is an international model agreement between competent Tax authorities between participating jurisdiction on automatic exchange of financial account information. In reference to the improvement of the international tax compliance with the common reporting standard (CRS) for the automatic exchange of financial account information developed by the Global Forum of the Organization for Economic Co-Operation and Development (OECD), St. Xxxxxxx and the Grenadines has signed the Multilateral Competent Authority Agreement for the automatic exchange of financial information of financial accounts. Subsequently, the Company to comply with the common reporting standard (CRS), in the cases where your tax residence is located outside Seychelles, the Company may be legally obliged to pass on the information and other financial information with respect to your financial accounts to St. Xxxxxxx and the Grenadines tax authorities and they may exchange this information with tax authorities of another jurisdiction or jurisdictions pursuant to intergovernmental agreements to exchange financial account information. The Client shall be responsible to provide accurate information for CRS purposes and the Company shall not be held liable if any misleading and/or false information will be reported to the tax authorities of another jurisdiction or jurisdictions pursuant to intergovernmental agreements to exchange financial account information.
CRS. The OECD’s CRS provides for the automatic exchange of financial account information in tax matters. New Zealand gave effect to the CRS from July 1, 2017. Certain New Zealand financial institutions are required to conduct customer on-boarding requirements and due diligence in respect of certain financial accounts and report information to the New Zealand Inland Revenue Department. The Inland Revenue Department may then provide this information to the tax authorities of other jurisdictions, with the first government to government exchange of information to take place by September 30, 2018. Holders of Notes may be required to provide certain information and certifications to ensure compliance with the CRS. New Zealand financial institutions that do not fully comply with the CRS may be subject to administrative penalties. RBNZ prudential credit controls The RBNZ imposes restrictions on high LVR residential mortgage lending. Revised conditions of registration came into force on October 1, 2016, requiring New Zealand banks to restrict new non property-investment residential mortgage lending over 80% LVR to no more than 10% of the dollar value of a bank’s new non property-investment residential mortgage lending. New Zealand banks must also restrict property investment residential mortgage lending over 60% LVR to no more than 5% of the dollar value of a bank’s new property investment residential mortgage lending. The RBNZ has also established a specific asset class for loans to residential property investors. New Zealand banks (including ANZ New Zealand) are required to hold more capital for loans to residential property investors because of higher ‘Loss Given Default’ rates and higher correlation factors for this asset class than for the non property-investment lending asset class. On November 29, 2017, the RBNZ announced adjustments to LVR restrictions. From January 1, 2018, the restrictions will require that no more than 15% (currently 10%) of a bank’s new mortgage lending to owner occupiers can be at LVRs of more than 80%, and no more than 5% of a bank’s new mortgage lending to residential property investors can be at LVRs of more than 65% (currently 60%).
CRS. 2. Each airline operates its own CRS, which is a computerised booking and ticketing system. Airlines use CRSs to manage their seat inventory, marketing and ticketing processes. Accordingly, CRSs play an important role in an airline’s sales methodology and yield management processes (discussed elsewhere in this Schedule at 3(h)). An airline can analyse the likely returns on a particular flight and adjust the number of tickets it makes available in each fare class on that flight immediately in its CRS.
CRS. The Bid processing fee and Bid Security shall be submitted in the form of separate Demand Draft issued by a Nationalised Bank / Scheduled (except Co-operative) Bank of India in favour of “FA,TSRTC, Hyderabad” and payable at Hyderabad shall accompany the Bids.
