Common use of Entity Accounts With Respect to Which Reporting Is Required Clause in Contracts

Entity Accounts With Respect to Which Reporting Is Required. With respect to Preexisting Entity Accounts described in paragraph B of this section, only accounts that are held by one or more Entities that are Specified Persons or by Passive NFFEs with one or more Controlling Persons who are Specified Persons, shall be treated as Reportable Accounts.

Appears in 10 contracts

Sources: Agreement to Improve International Tax Compliance, Agreement to Improve International Tax Compliance, International Tax Compliance Agreement

Entity Accounts With Respect to Which Reporting Is Required. With respect to Preexisting Entity Accounts described in paragraph B of this section, only accounts that are held by one or more Entities entities that are Specified Persons or by Passive NFFEs with one or more Controlling Persons who are Specified Persons, shall be treated as Reportable Accounts.

Appears in 1 contract

Sources: International Tax Compliance Agreement