The U.S. IRS has issued Notice 2022-30 on 27 June 2022, announcing that the reporting of qualified derivative payments (QDP) under the base erosion and anti-abuse tax (BEAT) regulations will be further deferred until taxable years beginning on or after 1 January 2025. QDP reporting was previously deferred until taxable years beginning on or after 1 January 2023.

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Section 59A Qualified De…