Payee Tax Representations Clause Samples
The Payee Tax Representations clause requires the payee to make specific statements or assurances regarding their tax status and obligations. Typically, this involves the payee confirming that they are in compliance with relevant tax laws, such as providing accurate tax identification numbers or certifying their residency for tax purposes. This clause helps the payer determine whether tax withholding is necessary and ensures that both parties are clear about their respective tax responsibilities, thereby reducing the risk of unexpected tax liabilities or penalties.
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Payee Tax Representations. For the purpose of Section 3(f),
Payee Tax Representations. For the purposes of Section 3(f), each party makes the following representations:
Payee Tax Representations. For the purpose of Section 3(f) of the Agreement:
(1) Dealer makes the following representations:
(i) It is a national banking association organized and existing under the laws of the United States of America. (ii) It is an exempt recipient under section 1.6049-4(c)(1)(ii)(M) of the U.S. Treasury Regulations. (iii) It is a “U.S. person” (as that term is used in section 1.1441-4(a)(3)(ii) of the U.S. Treasury Regulations) for U.S. federal income tax purposes.] [(i) It is a chartered bank organized under the laws of Canada and is treated as a corporation for U.S. federal income tax purposes. (ii) It is a “foreign person” (as that term is used in section 1.6041-4(a)(4) of the U.S. Treasury Regulations) for U.S. federal income tax purposes.
Payee Tax Representations. Each representation specified in the Schedule as being made by it for the purpose of this Section 3(f) is accurate and true.
Payee Tax Representations. For the purpose of Section 3(f) of this Agreement, Party A makes the following representations:-
(i) The following representation applies to Party A:- Party A is a corporation organized under the laws of the State of Delaware.
(ii) The following representation applies to Party B:- Party B is a trust that has not elected to be treated as a corporation for U.S. federal income tax purposes.
Payee Tax Representations. For purposes of Section 3(f) of the Agreement, Counterparty represents that it is a “U.S. person” (as that term is used in section 1.1441-4(a)(3)(ii) of the U.S. Treasury Regulations) for U.S. federal income tax purposes and “exempt” within the meaning of sections 1.6041-3(p) and 1.6049-4(c) of the U.S. Treasury Regulations from information reporting on U.S. Internal Revenue Service Form 1099 and backup withholding.
Payee Tax Representations. For the purpose of Section 3(f) of this Agreement, each of Party A and Party B represents that it is an Australian resident and does not derive the payments under this Agreement in whole or in part in carrying on business in a country outside Australia at or through a permanent establishment of itself in that country.
Payee Tax Representations. For the purpose of Section 3(f) of this Agreement, Party A and Party B will make the following representations specified below, if any:- none
Payee Tax Representations. (i) For the purpose of Section 3(f), Party A makes the following representation: It is a corporation duly organized and incorporated under the laws of the State of Delaware and is not a foreign corporation for United States tax purposes.
(ii) For the purpose of Section 3(f), Party B makes the following representation: It is a trust duly formed under the laws of the State of New York and is not a foreign corporation for United States tax purposes.
Payee Tax Representations. For the purpose of Section 3(f) of this Agreement, Party A and Party B each hereby make the following representations:
(i) Party A represents that it is a U.S. person for U.S. federal income tax purposes.
(ii) Party B represents that it is a U.S. person for U.S. federal income tax purposes and its U.S. tax identification number is ▇▇-▇▇▇▇▇▇▇.