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Deduction for Foreign-Derived Intangible Income and Global Intangible Low-Taxed Income

tax-irs · IRS · Rule · Published 2020-07-15 · Effective 2020-09-14 · 85 FR 43042

Document

Document number
2020-14649
Federal Register citation
85 FR 43042
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
tax-irs
Sub-agency
IRS
Publication date
2020-07-15
Effective date
2020-09-14
Treasury docket
TD 9901

Abstract

This document contains final regulations that provide guidance regarding the deduction for foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI). This document also contains final regulations coordinating the deduction for FDII and GILTI with other provisions in the Internal Revenue Code. These regulations generally affect domestic corporations and individuals who elect to be subject to tax at corporate rates for purposes of inclusions under subpart F and GILTI.

Source

Authoritative
Federal Register document
Machine
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