13th December 2023
13th December 2023
Further to the updates of 2 and 21 November, the Company would like to remind shareholders of the following:
- The agent will contact shareholders (or their investment platforms) by email not by post.
- Shareholders will be required to complete the relevant paperwork including Internal Revenue Service form(s) and are reminded to seek appropriate tax and legal advice.
- The company would also like to reiterate to shareholders that contact from agents/investment platforms shall commence week starting 18th December in accordance with the 4/5 weeks’ timeframe stated in previous updates
- The Company understands the licensing agreement to be an income event not a capital event for tax purposes.
- Payment by the agent is made in US$ promptly once correct and complete documentation is received and verified via its portal.
This update may not be considered as tax or legal advice.
The Company remains under strict non-disclosure agreements. All further updates will be published on http://www.cloudtag.com.