# Guidance Related to the Foreign Tax Credit; Clarification of Foreign-Derived Intangible Income
> **IRS** · Final regulations. · Published 2022-01-04 · Effective 2022-03-07 · 87 FR 276
## Document
- **Document number:** 2021-27887
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 87 FR 276
- **CFR reference:** 26 CFR 1
- **Publication date:** 2022-01-04
- **Effective date:** 2022-03-07
- **Treasury docket:** TD 9959
## Abstract

This document contains final regulations relating to the foreign tax credit, including the disallowance of a credit or deduction for foreign income taxes with respect to dividends eligible for a dividends-received deduction; the allocation and apportionment of interest expense, foreign income tax expense, and certain deductions of life insurance companies; the definition of a foreign income tax and a tax in lieu of an income tax; the definition of foreign branch category income; and the time at which foreign taxes accrue and can be claimed as a credit. This document also contains final regulations clarifying rules relating to foreign-derived intangible income (FDII). The final regulations affect taxpayers that claim credits or deductions for foreign income taxes, or that claim a deduction for FDII.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2022/01/04/2021-27887/guidance-related-to-the-foreign-tax-credit-clarification-of-foreign-derived-intangible-income)
---
*AI Analytics · CC0 1.0*