Examples of Withholding Agents in a sentence
In short, FATCA requires FFIs to comply with new documentation standards, the objective being the identification of specified US Persons and the reporting to the IRS, as from the year 2015, of information related to investments made with the FFIs. The U.S. Treasury released Final Regulations on 17 January 2013 and the IRS provided detailed requirements with which FFI, U.S. Withholding Agents, and other non-U.S. entities must comply in order to avoid withholding or penalties.
Withholding Agent's Name Line-1 must contain the withholding agent's name.
Foamix shall request in the Options Tax Ruling an exemption for the Withholding Agent(s) and their respective agents from any withholding obligation.
U.S. Withholding Agents In Notice 98–16 (1998–1 C.B. 847) and Notice 99–25 (1999–1 C.B. 979), the IRS stated that it would regard the calendar years 1999 and 2000 as transition years.
Withholding Agents other than Participating FFIs. With respect to preexisting obligations, the final regulations will provide that withholding agents, other than participating FFIs, will be required to document payees that are entities other than prima facie FFIs by December 31, 2015.
The Withholding Agent's Name Line-1 must contain the withholding agent's name.
Withholding Agents other than Participating FFIs. With respect to preexisting obligations, the final regulations will provide that withholding agents, other than participating FFIs, will be required to document payees that are prima facie FFIs by June 30, 2014.
Conversely, the amounts disbursed will be deemed to be sufficient unless the Creditors’ Committee decides otherwise based on a vote of four of its members, in which case the amounts disbursed will be returned by the Withholding Agents to the respective Creditor, also based on the understanding that the Fee was not due.
You will receive the “Notification to Employers and Withholding Agents, Access Code and Control Numbers” from the Department of the Treasury.
If the Creditors’ Committee accepts the amount disbursed, it will inform the Creditors’ Representative of such circumstance, who must certify this and the funds deposited with the Withholding Agents may be released to the Debtor.