OIRA Completes Review of Final and Proposed Regulations under Section 245A

On August 7, the Office of Information and Regulatory Affairs (OIRA) completed its review of regulations finalizing temporary regulations issued last June related to the 100% deduction available to a corporate US shareholder for the foreign-source portion of dividends received from a specified 10% owned foreign corporation (SFC) under section 245A and the look-through rule under section 954. OIRA also completed its review of new proposed regulations that would provide coordination rules regarding the anti-abuse rules under sections 245A and 951A, relating to global intangible low-taxed income (GILTI).

Read More: Temporary 245A Regulations

Read More: Rules on Foreign Dividend Tax Deduction Near Publication

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