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Internal Remark: For Capital Works Contracts using NEC4 ECC or NEC ECC HK Edition (excluding Design and Build Contracts)THE GOVERNMENT OF THE HONG KONG SPECIAL ADMINISTRATIVE REGION[INSERT PROCURING
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Form Use of Target is a document used to report certain financial information related to foreign investments and transactions involving U.S. entities.
U.S. persons who have ownership in, or transact with, foreign entities are typically required to file Form Use of Target.
Form Use of Target should be completed by providing the required financial and identification information related to the U.S. persons and the foreign entities involved.
The purpose of Form Use of Target is to ensure compliance with U.S. tax laws and reporting requirements related to international financial activities.
The form requires reporting of ownership percentages, financial data, and transaction details involving the foreign entities.
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