Suspension of Rules Relating to Recalcitrant Accounts. The United States shall not require a Reporting Irish 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 2a) of Article 2, subject to the provisions of Article 3, with respect to such account.
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Sources: Agreement Between the Government of Ireland and the Government of the United States of America to Improve International Tax Compliance and to Implement Fatca, Agreement Between the Government of Ireland and the Government of the United States of America to Improve International Tax Compliance and to Implement Fatca, Agreement Between the Government of Ireland and the Government of the United States of America to Improve International Tax Compliance and to Implement Fatca
Suspension of Rules Relating to Recalcitrant Accounts. The United States shall not require a Reporting Irish 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 Com- petent Authority receives the information set forth in subparagraph 2a) of Article 2, subject to the provisions of Article 3, with respect to such account.
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