other · IRS · Rule · Published 2020-10-09 · Effective 2020-12-08 · 85 FR 64346
Document
Document number
2020-19959
Federal Register citation
85 FR 64346
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2020-10-09
Effective date
2020-12-08
Treasury docket
TD 9910
Abstract
This document contains final regulations that provide guidance regarding the base erosion and anti-abuse tax imposed on certain large corporate taxpayers with respect to certain payments made to foreign related parties. The final regulations affect corporations with substantial gross receipts that make payments to foreign related parties.