EYUS Treasury adds Chile to the list of treaty countries that meet the requirements of IRC Section 1(h)(11), removes Russia and Hungary
|Tax Alerts, Treaties, Treaties, Treaties|United States, Chile, Hungary
In Notice 2024-11 (Notice), issued 28 December 2023, the United States (US) Treasury Department (Treasury) and the Internal Revenue Service (IRS) updated the list of treaty partner countries that are relevant in determining whether a corporation is a "qualified foreign corporation" for purposes of applying IRC Section 1(h)(11). Under IRC Section 1(h)(11), reduced tax rates may apply to a dividend …
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