OIRA Begins Review of Final Regulations under Section 250

The Office of Information and Regulatory Affairs (OIRA), part of the Office of Management and Budget, has begun its review of final regulations under section 250. Section 250 generally allows a domestic corporation a deduction for its foreign-derived intangible income (FDII) and its global intangible low-taxed income (GILTI) inclusion. The proposed regulations were published in the Federal Register on March 6, 2019.

Read More: Final FDII, GILTI Deduction Regs Begin OIRA Review

Read More: Proposed Regulations under Section 250


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