Entity Accounts With Respect to Which Reporting Is Required. With respect to Preexisting Entity Accounts described in paragraph B of this section, only accounts that are held by one or more entities that are Specified U.S. Persons, or by Passive NFFEs with one or more Controlling Persons who are U.S. citizens or residents shall be treated as U.S. Reportable Accounts. In addition, accounts held by Nonparticipating Financial Institutions shall be treated as accounts for which aggregate payments as described in paragraph 1b) of Article 4 of the Agreement are reported to the Irish Competent Authority.
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Samples: www.revenue.ie, Treaty Series, www.clearstream.com
Entity Accounts With Respect to Which Reporting Is Required. With respect to Preexisting Entity Accounts described in paragraph B of this section, only accounts that are held by one or more entities that are Specified U.S. Persons, or by Passive NFFEs with one or more Controlling Persons who are U.S. citizens or residents shall be treated as U.S. Reportable Accounts. In addition, accounts held by Nonparticipating Nonpar- ticipating Financial Institutions shall be treated as accounts for which aggregate payments as described in paragraph 1b) of Article 4 of the Agreement are reported to the Irish Competent Authority.
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Samples: www.legislation.ie