The U.S. IRS has issued Notice 2021-36, announcing that the reporting of qualified derivative payments (QDP) under the base erosion and anti-abuse tax (BEAT) regulations will be deferred until taxable years beginning on or after 1 January 2023.
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Section 59A Qualified Derivative Payments Reporting Requirements
Notice 2021-36
I. PURPOSE
This Notice announces that the Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) intend to amend the regulation…