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Regulations issued regarding withholding on payment of dividend equivalents from US sources

|Approved Changes|United States
United States

The US Treasury Department and the Internal Revenue Service (IRS) have issued final regulations (TD 9648) under section 871(m) of the Internal Revenue Code (IRC) to provide guidance to non-resident individuals and foreign corporations that hold specified notional principal contracts ("specified NPCs") providing for payments that are contingent upon or determined by reference to US source dividend …

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