Specific Treatment of Bahamas Retirement Plans. The United States shall treat as deemed-compliant FFIs or exempt beneficial owners, as appropriate, for purposes of sections 1471 and 1472 of the U.S. Internal Revenue Code, Bahamas retirement plans described in Annex II. For this purpose, a Bahamas retirement plan includes an Entity established or located in, and regulated by, The Bahamas, or a predetermined contractual or legal arrangement, operated to provide pension or retirement benefits or earn income for providing such benefits under the laws of The Bahamas and regulated with respect to contributions, distributions, reporting, sponsorship, and taxation.
Appears in 6 contracts
Samples: Foreign Account Tax Compliance Agreement, Agreement to Implement Fatca, Agreement to Implement Fatca
