{"abstract":"This document contains final regulations under the global intangible low-taxed income and subpart F income provisions of the Internal Revenue Code regarding the treatment of income that is subject to a high rate of foreign tax. The final regulations affect United States shareholders of foreign corporations. This guidance relates to changes made to the applicable law by the Tax Cuts and Jobs Act, which was enacted on December 22, 2017.","action":"Final regulations.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2020/07/23/2020-15351.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"1","title":26}],"citation":"85 FR 44620","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective date: These regulations are effective on September 21, 2020.","disposition_notes":null,"docket_ids":["TD 9902"],"dockets":[],"document_number":"2020-15351","effective_on":"2020-09-21","end_page":44649,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/07/23/2020-15351.xml","html_url":"https://www.federalregister.gov/documents/2020/07/23/2020-15351/guidance-under-sections-951a-and-954-regarding-income-subject-to-a-high-rate-of-foreign-tax","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-15351?publication_date=2020-07-23","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-07-23/2020-15351/mods.xml","not_received_for_publication":null,"page_length":30,"page_views":{"count":21204,"last_updated":"2026-09-21 20:15:12 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-07-23/pdf/2020-15351.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-15351.pdf?1595276113","publication_date":"2020-07-23","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/07/23/2020-15351.txt","regulation_id_number_info":{"1545-BP15":{"issue":"202004","html_url":"https://www.federalregister.gov/regulations/1545-BP15/guidance-regarding-the-global-intangible-low-taxed-income-high-tax-exclusion","title":"Guidance Regarding the Global Intangible Low-Taxed Income High Tax Exclusion","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202004&RIN=1545-BP15&operation=OPERATION_EXPORT_XML","priority_category":"Economically Significant"}},"regulation_id_numbers":["1545-BP15"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BP15/guidance-regarding-the-global-intangible-low-taxed-income-high-tax-exclusion","title":"Guidance Regarding the Global Intangible Low-Taxed Income High Tax Exclusion"},"comments_count":0,"agency_id":"IRS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2019-0029","supporting_documents_count":0,"docket_id":"IRS-2019-0029","document_id":"IRS-2019-0029-0034","regulation_id_number":"1545-BP15","title":"Guidance Under Section 958 (Rules for Determining Stock Ownership) and Section 951A (Global Intangible Low-Taxed Income) (REG-101828-19)","checked_regulationsdotgov_at":"2020-07-27T08:30:08Z"},"regulations_dot_gov_url":null,"significant":true,"signing_date":null,"start_page":44620,"subtype":null,"title":"Guidance Under Sections 951A and 954 Regarding Income Subject to a High Rate of Foreign Tax","toc_doc":"Income Subject to a High Rate of Foreign Tax; Guidance","toc_subject":null,"topics":["Income taxes","Reporting and recordkeeping requirements"],"type":"Rule","volume":85}