close
Share with your friends

KPMG report: Highlights of final BEAT regulations under section 59A

KPMG report: Highlights of final BEAT regulations

The IRS on September 1, 2020, posted on its website final regulations (T.D. 9910) regarding the section 59A base erosion and anti-abuse tax (BEAT) which applies to payments made by certain large corporate taxpayers to foreign related parties.

1000

Related content

The 2020 final regulations finalize guidance provided in proposed regulations (December 2019), and also modify certain guidance provided in final regulations under section 59A that were published in December 2019.

Read a September 2020 report [PDF 235 KB] providing KPMG’s initial impressions and observations about the 2020 final regulations, as posted on the IRS website on September 1, 2020.

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal