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1. Where interest payments, as defined in Article 5 of this Agreement, are made by a paying agent established in either contracting party to beneficial owners, as defined in Article 2 of this Agreement, who are residents of the other contracting party, the paying agent shall report to its competent authority;
a. the identity and residence of the beneficial owner established in accordance with Article 3 of this Agreement;
b. the name and address of the paying agent;
c. the account number of the beneficial owner or, where there is none, identification of the debt claim giving rise to the interests;
d. information concerning the interest payment in accordance with paragraph 2 of Article 8 of the Directive; however, each contracting party may restrict the minimum amount of information concerning interest payment to be reported by the paying agent to the total amount of interest or income and to the total amount of the proceeds from sale, redemption or refund.
And the contracting parties will comply with paragraph 2 of this Article.
2. Within six months following the end of their tax year, the competent authority of the contracting parties shall communicate to the competent authority of the other contracting party, automatically, the information referred to in paragraph (1) a) – d) of this Article, for all interest payments made during that year.