Final and Temporary Contract Manufacturing Regulations Issued by US Treasury Department and IRS
7 January 2009
Mayer Brown Legal Update
7 January 2009 - On December 24, 2008, the US Treasury and the IRS released final, temporary and proposed regulations relating to the application of the subpart F foreign base company sales income rules to contract manufacturing arrangements. These regulations finalized certain of the proposed regulations relating to this subject that were originally released on February 27, 2008.