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PROCEEDINGS OF THE TERREBONNE PARISH SCHOOL BOARD October 5, 2021 The Terrebonne Parish School Board met today at 6:00 P.M. in regular session at its regular meeting place, the Terrebonne Parish School
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Lagarde MR refers to the reporting obligations related to the automatic exchange of information on financial accounts among countries, aimed at enhancing tax compliance and combating tax evasion.
Entities or financial institutions that have accounts held by non-residents or foreign clients are required to file Lagarde MR.
To fill out Lagarde MR, institutions need to collect relevant account holder information and report it using the designated format or template provided by the tax authority.
The purpose of Lagarde MR is to promote transparency in international financial transactions and ensure that tax authorities can effectively track and tax income earned by foreign nationals.
Lagarde MR must report information such as account holder names, addresses, taxpayer identification numbers, account numbers, and the total account balances.
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