Reliance on Third Parties. Regardless of whether an election is made under paragraph C of section I of this Annex I, Singapore may permit Reporting Singaporean Financial Institutions to rely on due diligence procedures performed by third parties, to the extent provided in relevant U.S. Treasury Regulations.
Appears in 7 contracts
Sources: Agreement Between the Government of the Republic of Singapore and the Government of the United States of America to Improve International Tax Compliance and to Implement Fatca, International Tax Compliance Agreement, International Tax Compliance Agreement