Foreign Account Reporting Sample Clauses

Foreign Account Reporting. French residents who hold foreign accounts (including foreign brokerage accounts which hold shares or cash) must file an informational return on an annual basis with their personal income tax returns. GUATEMALA
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Foreign Account Reporting. French residents with foreign account balances in excess of €1 million (or equivalent) must report monthly to the Banque de France. In addition, French residents who hold foreign accounts (including foreign brokerage accounts which hold shares or cash) must file an informational return on an annual basis with their personal income tax returns.
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Foreign Account Reporting. Danish resident holders of non-Danish bank accounts or accounts with non-Danish brokers should submit certain forms to the Danish tax authorities:Erklæring V regarding shares deposited with a non-Danish bank or broker (xxxxx://xxx.xxxx.xx/SKAT.aspx?oId=90030) Erklæring K regarding money deposited with a non-Danish bank or broker (xxxxx://xxx.xxxx.xx/SKAT.aspx?oId=73344)
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Foreign Account Reporting. Korean residents must report information on their foreign bank and financial accounts to the tax authority if the aggregate balance exceeds KRW 0.5 billion at the end of any one month during the year. Reports must be submitted from June 1 to no later than June 30 in the following year. Since the exchange control regulations change frequently and without notice, the Participant should consult the Participant’s personal legal advisor to ensure compliance with current regulations. Spain
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Foreign Account Reporting. ‌‌ The following information is gathered solely to assist the Fund in complying with withholding and information reporting requirements that the Fund is subject to under Internal Revenue Code Sections 1471 through 1474 (the "HIRE Act Requirements" or "FATCA''). The U.S. Treasmy Deparl1llent and the IRS m'!J ti4velop additional guidance on FATCA. AdditionallY, the United States and the Ctgman Islands have entered into an Intergovernmental Agreement ('IGA") that substantialfy affir:t.rthe Fund's obligations untkr FATCA. HOIIIMTj tbes« obligations are stiR evolving and are not yet certain. The Fund m'!X X(Jn!adyou again in the future for a'!Y additional information and doalmentation relating to the (Ompliancelllith FATCA, and it is expeded that investors who areforeign entities llliR be reqllirrd to (OmpleteIRS Form W -8BEN-E. Select ~ of the following three categories and, if applicable, the relevant subcategory, that describes the entity that is the direct investor in the Fund. o Category 1. I am signing on behalf of an entity that is a "foreign financial institution" as defined in Internal Revenue Code Section 1471(d)(4) and Treasury regulations Section 1.1471-5(d). Very generally, a "financial institution" is defined in Internal Revenue Code Section 1471(d)(5) and Treasury regulations Section 1.1471-5(e)(I) as an institution that (i) accepts deposits in the ordinary course of a banking or similar business (a depository institution); (U) holds, as a substantial portion of its business, financial assets for the benefit of one or more other persons (a custodial institution); (m) is an investment entity; (tv) is a certain type of insurance company; or (v) is a holding company or a treasury center that is a part of an expanded affiliated group that includes certain financial entities or is formed in connection with certain investment entities. If you select Category 1, please complete ~ of the applicable subcategories (subcategory l.a to I.e) immediately below. Do not select Category 1 if you are an "exempt beneficial owner" described in Internal Revenue Code Section 1471(£) and Treasury regulations Section 1.1471-6, or if you are an entity that is excluded from the definition of "foreign financial institution" pursuant to Treasury regulations Section 1.1471-5(e)(5); in such a case, select Category 3 below.
Sample 1

Related to Foreign Account Reporting

  • Foreign Asset/Account Reporting Notification The Participant is required to declare any foreign bank accounts and foreign financial assets (including Shares held outside India) in the Participant’s annual tax return. It is the Participant’s responsibility to comply with this reporting obligation and the Participant should consult with his or her personal tax advisor in this regard. INDONESIA

  • Foreign Asset and Account Reporting To the extent that Spanish residents hold rights or assets (e.g., shares of common stock, cash, etc.) in a bank or brokerage account outside of Spain with a value in excess of €50,000 per type of right or asset as of December 31 each year, such residents are required to report information on such rights and assets on their tax return for such year. Shares of common stock constitute securities for purposes of this requirement, but Options (whether vested or unvested) are generally not considered assets or rights for purposes of this requirement. If applicable, Spanish residents must report the assets or rights on Form 720 by no later than March 31 following the end of the relevant year. After such assets or rights are initially reported, the reporting obligation will only apply for subsequent years if the value of any previously-reported assets or rights increases by more than €20,000. Failure to comply with this reporting requirement may result in penalties. Spanish residents are also required to electronically declare to the Bank of Spain any securities accounts (including brokerage accounts held abroad), as well as the securities held in such accounts, if the value of the transactions for all such accounts during the prior tax year or the balances in such accounts as of December 31 of the prior tax year exceeds €1,000,000. More frequent reporting is required if such transaction value or account balance exceeds €1,000,000. Spanish residents should consult with their personal tax and legal advisors to ensure compliance with their personal reporting obligations.

  • Foreign Asset/Account Reporting Requirements You acknowledge that there may be certain foreign asset and/or account reporting requirements which may affect your ability to acquire or hold the Shares acquired under the Plan or cash received from participating in the Plan (including from any dividends paid on the Shares acquired under the Plan) in a brokerage or bank account outside your country. You may be required to report such accounts, assets or transactions to the tax or other authorities in your country. You also may be required to repatriate sale proceeds or other funds received as a result of participating in the Plan to your country through a designated bank or broker within a certain time after receipt. You acknowledge that it is your responsibility to be compliant with such regulations, and you should speak to your personal advisor on this matter.

  • Foreign Asset/Account Reporting Information Italian residents who, at any time during the fiscal year, hold foreign financial assets (including cash and Shares) which may generate income taxable in Italy are required to report these assets on their annual tax returns (UNICO Form, RW Schedule) for the year during which the assets are held, or on a special form if no tax return is due. These reporting obligations will also apply to Italian residents who are the beneficial owners of foreign financial assets under Italian money laundering provisions.

  • Foreign Asset/Account Reporting; Exchange Controls Participant’s country may have certain foreign asset and/or account reporting requirements and/or exchange controls which may affect Participant’s ability to acquire or hold shares of Stock under the Plan or cash received from participating in the Plan (including from any dividends received or sale proceeds arising from the sale of shares of Stock) in a brokerage or bank account outside Participant’s country. Participant may be required to report such accounts, assets or transactions to the tax or other authorities in his or her country. Participant also may be required to repatriate sale proceeds or other funds received as a result of Participant’s participation in the Plan to his or her country through a designated bank or broker and/or within a certain time after receipt. Participant acknowledges that it is his or her responsibility to be compliant with such regulations, and Participant should consult his or her personal legal advisor for any details.

  • Foreign Asset/Account, Exchange Control and Tax Reporting The Participant may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the acquisition, holding and/or transfer of shares of Common Stock or cash (including dividends and the proceeds arising from the sale of shares of Common Stock) derived from his or her participation in the Plan, to and/or from a brokerage/bank account or legal entity located outside the Participant’s country. The applicable laws of the Participant’s country may require that he or she report such accounts, assets, the balances therein, the value thereof and/or the transactions related thereto to the applicable authorities in such country. The Participant acknowledges that he or she is responsible for ensuring compliance with any applicable foreign asset/account, exchange control and tax reporting requirements and should consult his or her personal legal advisor on this matter.

  • Foreign Account Tax Compliance Act A. To the extent the Reinsurer is subject to the deduction and withholding of premium payable hereon as set forth in the Foreign Account Tax Compliance Act (Sections 1471-1474 of the Internal Revenue Code), the Reinsurer shall pay or allow such deduction and withholding from the premium payable under this Contract.

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