Revenue Sharing. 1. Austria shall retain 25% of the revenue of the withholding tax mentioned in Article 5, paragraph 1, and transfer 75% of the revenue to Anguilla. 2. If Austria levies withholding tax in accordance with article 5, paragraph 4, Austria shall retain 25% of the revenue and transfer 75% to Anguilla of the revenue of the withholding tax levied on interest payments made to entities referred to in Article 4, paragraph 2, of the Directive, established in Anguilla. 3. Such transfers shall take place at the latest within a period of six months following the end of the tax year of Austria. 4. Austria shall take the necessary measures to ensure the proper functioning of this revenue-sharing system.
Appears in 3 contracts
Samples: Agreement on the Taxation of Savings Income, Agreement on the Taxation of Savings Income, Agreement on the Taxation of Savings Income
Revenue Sharing. (1. ) Austria shall retain 25% of the revenue of the withholding tax mentioned in Article 56, paragraph 1, and transfer 75% of the revenue to AnguillaMontserrat.
(2. ) If Austria levies withholding tax in accordance with article 5Article 6, paragraph 4xxxxxxxxx 0, Austria Xxxxxxx shall retain 25% of the revenue and transfer 75% to Anguilla Montserrat of the revenue of the withholding tax levied on interest payments made to entities referred to in Article 4, paragraph 2, of the Directive, established in AnguillaMontserrat.
(3. ) Such transfers shall take place at the latest within a period of six months following the end of the tax year of Austria.
(4. ) Austria shall take the necessary measures to ensure the proper functioning of this revenue-sharing system.
Appears in 2 contracts
Samples: Agreement on the Taxation of Savings Income, Agreement on the Taxation of Savings Income
Revenue Sharing. (1. ) Austria shall retain 25% of the revenue of the withholding tax mentioned in Article 56, paragraph 1, and transfer 75% of the revenue to AnguillaMontserrat.
(2. ) If Austria levies withholding tax in accordance with article 5Article 6, paragraph 4, Austria shall retain 25% of the revenue and transfer 75% to Anguilla Montserrat of the revenue of the withholding tax levied on interest payments made to entities referred to in Article 4, paragraph 2, of the Directive, established in AnguillaMontserrat.
(3. ) Such transfers shall take place at the latest within a period of six months following the end of the tax year of Austria.
(4. ) Austria shall take the necessary measures to ensure the proper functioning of this revenue-sharing system.
Appears in 2 contracts
Samples: Agreement on the Taxation of Savings Income, Agreement on the Taxation of Savings Income
