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TREAS/IRS RIN: 1545-BQ46 Publication ID: Fall 2023 
Title: Guidance Related to the Foreign Tax Credit, Including Cost Recovery, the Attribution Rule for Royalty Payments, and the Reattribution Asset Rule 

These final regulations will provide guidance related to the foreign tax credit, including guidance with respect to the cost recovery requirement, the attribution rule for royalty payments, and the reattribution asset rule for purposes of categorizing foreign taxes. 

Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 901(a)    26 CFR 861    26 CFR 903     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 26 U.S.C. 7805   
Legal Deadline:  None
Action Date FR Cite
NPRM  11/22/2022  87 FR 71271   
NPRM Comment Period End  01/23/2023 
NPRM Notice of Public Hearing  02/15/2023  88 FR 7903   
Final Action  06/00/2024 
Additional Information: REG-112096-22 (Final) Drafter attorney: Teisha Ruggiero (646) 259-8116 Reviewer attorney: Tianlin Shi (202) 317-6987 Treasury attorney: Isaac Wood (202) 622-1011 CC:INTL
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Teisha M. Ruggiero
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW,
Washington, DC 20224
Phone:646 259-8116