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FATS SCHEDULE 2 PROCUREMENT TASKING ORDER FORMFINALAll conditions of the Framework Agreement FATS/4 shall apply as supplemented by the terms selected below. The two together become a binding contract
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Who needs fats4lai?

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FATS4LAI is needed by individuals or organizations involved in the arms trade and licensing activities. It is used for applying for an export or import license for firearms, ammunition, and other defense-related items.
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Specifically, manufacturers, exporters, importers, brokers, and other entities engaged in the transfer of defense articles or services are required to use the FATS4LAI system to apply for licenses or permits.
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Government agencies, including law enforcement, customs, and border control departments, also utilize FATS4LAI to review and process license applications, ensuring compliance with relevant regulations and laws.

What is FATS/4/LAI Form?

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Instructions for the form FATS/4/LAI

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FATS4LAI stands for Foreign Account Tax Compliance Act (FATCA) XML File for Late and Amended Indication.
Financial institutions and certain other entities are required to file FATS4LAI if they have late or amended FATCA filings.
FATS4LAI can be filled out electronically using the XML schema provided by the IRS.
The purpose of FATS4LAI is to indicate any late or amended FATCA filings to the IRS.
FATS4LAI must include information on the late or amended FATCA filings, such as the reason for the delay or amendment.
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