The U.S. IRS has issued Notice 2021-36, announcing that the reporting of qualified derivative payments (QDP) under the base erosion and anti-abuse tax (BEAT) regulations will be deferred until taxable years beginning on or after 1 January 2023. --- Section 59A Qualified Derivative Payments Reporting Requirements Notice 2021-36 I. PURPOSE This Notice announces that the Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) intend to amend the regulations under sections 59A and 6038A to defer the applicability date of certain provisions of the regulations relating to the reporting of qualified derivative payments ("QDP") until taxable years...