Common use of Minor and Administrative Errors Clause in Contracts

Minor and Administrative Errors. Subject to any further terms set forth in a competent authority arrangement concluded pursuant to paragraph 6 of Article 3 of this Agreement, a Competent Authority shall notify the Competent Authority of the other Party when the first-mentioned Competent Authority has reason to believe that administrative errors or other minor errors may have led to incorrect or incomplete information reporting or resulted in other infringements of this Agreement. The Competent Authority of such other Party shall apply its domestic law (including applicable penalties) to obtain corrected and/or complete information or to resolve other infringements of this Agreement.

Appears in 4 contracts

Samples: International Tax Compliance Agreement, International Tax Compliance Agreement, International Tax Compliance Agreement

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Minor and Administrative Errors. Subject to any further terms set forth in a competent authority arrangement agreement concluded pursuant to paragraph 6 of Article 3 of this Agreement, a Competent Authority shall notify the Competent Authority of the other Party when the first-mentioned Competent Authority has reason to believe that administrative errors or other minor errors may have led to incorrect or incomplete information reporting or resulted in other infringements of this Agreement. The Competent Authority of such other Party shall apply its domestic law (including applicable penalties) to obtain corrected and/or complete information or to resolve other infringements of this Agreement.

Appears in 2 contracts

Samples: International Tax Compliance Agreement, Agreement to Improve International Tax Compliance and to Implement Fatca

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Minor and Administrative Errors. Subject to any further terms set forth in a competent authority arrangement agreement concluded pursuant to paragraph 6 of Article 3 of this Agreement, a Competent Authority shall notify the Competent Authority of the other Party when the first-first- mentioned Competent Authority has reason to believe that administrative errors or other minor errors may have led to incorrect or incomplete information reporting or resulted in other infringements of this Agreement. The Competent Authority of such other Party shall apply its domestic law (including applicable penalties) to obtain corrected and/or complete information or to resolve other infringements of this Agreement.

Appears in 1 contract

Samples: Agreement to Improve International Tax Compliance and Implement Fatca

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