Common use of Tax Representation Clause in Contracts

Tax Representation. You represent to the Firm that, for so long as you have an Account with the Firm or any affiliate, you have filed and will continue to file truthfully all necessary tax returns, forms and disclosures with respect to all of your transactions and Accounts at the Firm or its affiliates with each taxation authority having jurisdiction over your tax affairs by reason of your citizenship, residence or domicile. You acknowledge and agree that you are responsible for paying any taxes owing to any taxation authority in relation to such Accounts. Tax residency. You agree to provide us with your country (or countries) of tax residency, at the time of Account opening and within 30 days of any change in circumstances regarding your tax residency (e.g., change of address to another jurisdiction). You also agree to provide us with information (e.g., name, address, tax identification number) we are required to collect by applicable tax authorities at Account opening and on an ongoing basis, and such information may vary based on whether you have an individual or non-individual Account. If required, this information may be reported to the relevant tax authorities for their use in taxation matters and shared by such tax authorities with their counterparts in other countries. To certify your tax residency, you will be provided with documentation for your completion at Account opening and, if applicable, on an annual basis. Failure to complete the required documentation may include fines and/or penalties payable by you directly to tax authorities and restrictions on your Account with us.

Tax Representation. You represent to the Firm that, for so long as you have an Account account with the Firm or any affiliate, you have filed and will continue to file truthfully all necessary tax returns, forms and disclosures with respect to all of your transactions and Accounts accounts at the Firm or its affiliates with each taxation authority having jurisdiction over your tax affairs by reason of your citizenship, residence or domicile. You acknowledge and agree that you are responsible for paying any taxes owing to any taxation authority in relation to such Accountsaccounts. Tax residency. You agree to provide us with your country (or countries) of tax residency, at the time of Account account opening and within 30 days of any change in circumstances regarding your tax residency (e.g., change of address to another jurisdiction). You also agree to provide us with information (e.g., name, address, tax identification number) we are required to collect by applicable tax authorities at Account account opening and on an ongoing basis, and such information may vary based on whether you have an individual or non-individual Accountaccount. If required, this information may be reported to the relevant tax authorities for their use in taxation matters and shared by such tax authorities with their counterparts in other countries. To certify your tax residency, you will be provided with documentation for your completion at Account account opening and, if applicable, on an annual basis. Failure to complete the required documentation may include fines and/or penalties payable by you directly to tax authorities and restrictions on your Account account with us.