Internal Revenue Service November 22, 2022 – Federal Register Recent Federal Regulation Documents

Guidance Related to the Foreign Tax Credit
Document Number: 2022-25337
Type: Proposed Rule
Date: 2022-11-22
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains proposed regulations relating to the foreign tax credit, including guidance with respect to the reattribution asset rule for purposes of allocating and apportioning foreign taxes, the cost recovery requirement, and the attribution rule for withholding tax on royalty payments.
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