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US Treasury Department reissues list of boycott countries that result in restriction of US tax benefits

09 February 2013

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Approved Changes

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United States

The US Treasury Department has reissued its list of the countries that require cooperation with or participation in an international boycott as a condition of doing business. The countries listed are Iraq, Kuwait, Lebanon, Libya, Qatar, Saudi Arabia, Syria, the United Arab Emirates, and the Republic of Yemen. The list is dated 6 November 2012 and was published in the Federal Register on 16 November 2012. The new list is unchanged from the list dated 13 August 2012. The listed countries are identified pursuant to Section 999 of the US Internal Revenue Code (IRC), which requires US taxpayers to file reports with the...