Orbitax
On 20 September 2018, the U.S. IRS published a draft version of the Instructions for Form 8992, Global Intangible Low-Taxed Income (GILTI). Form 8992, which is also in the draft stage, is used to compute a U.S. shareholder’s GILTI inclusion for tax years of CFCs beginning after 31 December 2017 as per the new rules introduced as part of the Tax Cuts and Jobs Act of 2017.
Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.
Free trial available. Cancel anytime. Free Orbitax account required.
Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.