Common use of Suspension of Rules Relating to Recalcitrant Accounts Clause in Contracts

Suspension of Rules Relating to Recalcitrant Accounts. The United States shall not require a Reporting Danish Financial Institution to withhold tax under section 1471 or 1472 of the U.S. Internal Revenue Code with respect to an account held by a recalcitrant account holder (as defined in section 1471(d)(6) of the U.S. Internal Revenue Code), or to close such account, if the U.S. Competent Authority receives the information set forth in subparagraph 2(a) of Article 2, subject to the provisions of Article 3, with respect to such account.

Appears in 3 contracts

Sources: International Tax Compliance Agreement, International Tax Compliance Agreement, International Tax Compliance Agreement

Suspension of Rules Relating to Recalcitrant Accounts. The United States shall not require a Reporting Danish Norwegian Financial Institution to withhold tax under section 1471 or 1472 of the U.S. Internal Revenue Code with respect to an account held by a recalcitrant account holder (as defined in section 1471(d)(6) of the U.S. Internal Revenue Code), or to close such account, if the U.S. Competent Authority receives the information set forth in subparagraph 2(a) of Article 2, subject to the provisions of Article 3, with respect to such account.

Appears in 1 contract

Sources: International Tax Compliance Agreement

Suspension of Rules Relating to Recalcitrant Accounts. The United States shall not require a Reporting Danish Norwegian Financial Institution to withhold tax under section 1471 or 1472 of the U.S. Internal Revenue Code with respect to an account held by a recalcitrant account holder (as defined in section 1471(d)(6) of the U.S. Internal Revenue Code), or to close such account, if the U.S. Competent Authority Au- thority receives the information set forth in subparagraph 2(a2 a) of Article 2, subject to the provisions of Article 3, with respect to such account.

Appears in 1 contract

Sources: International Tax Compliance Agreement

Suspension of Rules Relating to Recalcitrant Accounts. The United States shall not require a Reporting Danish Swedish Financial Institution to withhold tax under section 1471 or 1472 of the U.S. Internal Revenue Code with respect to an account held by a recalcitrant account holder (as defined in section 1471(d)(6) of the U.S. Internal Revenue Code), or to close such account, if the U.S. Competent Authority receives the information set forth in subparagraph 2(a) of Article 22 of this Agreement, subject to the provisions of Article 33 of this Agreement, with respect to such account.

Appears in 1 contract

Sources: International Tax Compliance Agreement