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

25 December 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 20 November 2013 and was published in the Federal Register on 27 September 2013. The new list is unchanged from the list dated 26 August 2013 The listed countries are identified pursuant to section 999 of the US Internal Revenue Code (IRC), which requires US taxpayers to file...