Rev. Proc. 2017-44 provides the domestic asset / liability percentages and domestic investment yields needed by foreign life insurance companies and by foreign property and liability insurance companies to compute their minimum effectively connected net investment income under section 842(b) for tax years beginning after December 31, 2015.
Rev. Proc. 2017-44 appears in the Internal Revenue Bulletin 2017-35 [PDF 107 KB] dated August 28, 2017.
|Domestic asset / liability percentages for 2016 (first tax year beginning after December 31, 2015)|
|122.1%||For foreign life insurance companies|
|197.1%||For foreign property and liability insurance companies|
|Domestic investment yields for 2016 (first tax year beginning after December 31, 2015)|
|4.6%||For foreign life insurance companies|
|3.6%||For foreign property and liability insurance companies|
To compute estimated tax and the installment payments of estimated tax, a foreign insurance company must compute its estimated tax payments by adding to its income (other than net investment income) the greater of:
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