Common use of COMMON REPORTING STANDARD Clause in Contracts

COMMON REPORTING STANDARD. The Company is further obligated to identify, maintain and report information about individuals and entities tax resident in another jurisdiction for whom they maintain financial accounts and to report it to the Cyprus Tax Department to the extent that it is reportable under the applicable Legislation. The Company has taken all steps to ensure its conformity with the Assessment and Collection of Taxes (exchange of information) in the frame of the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information Decree of 2016.