81 FR 64061 - Country-by-Country Reporting; Correction
DEPARTMENT OF THE TREASURY
Internal Revenue Service Federal Register Volume 81, Issue 181 (September 19, 2016)
Internal Revenue Service
Federal Register Volume 81, Issue 181 (September 19, 2016)
| Page Range | 64061-64061 | |
| FR Document | 2016-22440 |
[Federal Register Volume 81, Number 181 (Monday, September 19, 2016)] [Rules and Regulations] [Page 64061] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-22440] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [TD 9773] RIN 1545-BM70 Country-by-Country Reporting; Correction AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Correcting amendment. ----------------------------------------------------------------------- SUMMARY: This document contains corrections to final regulations (TD 9773) that were published in the Federal Register on Thursday, June 30, 2016 (81 FR 42482). This document contains final regulations that require annual country-by-country reporting by certain United States persons that are the ultimate parent entity of a multinational enterprise group. DATES: This correction is effective September 19, 2016 and is applicable on or after June 30, 2016. FOR FURTHER INFORMATION CONTACT: Melinda E. Harvey of the Office of Associate Chief Counsel (International) at (202) 317-6934 (not a toll- free number). SUPPLEMENTARY INFORMATION: Background The final regulations (TD 9773) that are the subject of this correction are under section 1.6038-4 of the Internal Revenue Code. Need for Correction As published, the final regulations (TD 9773) contain errors that may prove to be misleading and are in need of clarification. List of Subjects in 26 CFR Part 1 Income taxes, Reporting and recordkeeping requirements. Correction of Publication Accordingly, 26 CFR part 1 is corrected by making the following correcting amendments: PART 1--INCOME TAXES 0 Paragraph 1. The authority citation for part 1 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * 0 Par. 2. Section 1.6038-4 is amended by revising paragraph (d)(3)(iv) to read as follows: Sec. 1.6038-4 Information returns required of certain United States persons with respect to such person's U.S. multinational enterprise group. * * * * * (d) * * * (3) * * * (iv) Income tax paid and accrued tax expense of permanent establishment. In the case of a constituent entity that is a permanent establishment, the amount of income tax paid and the amount of accrued tax expense referred to in paragraphs (d)(2)(iv) and (v) of this section should not include the income tax paid or tax expense accrued by the business entity of which the permanent establishment would be a part, but for the third sentence of paragraph (b)(2) of this section, in that business entity's tax jurisdiction of residence on the income derived by the permanent establishment. * * * * * Martin V. Franks, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. 2016-22440 Filed 9-16-16; 8:45 am] BILLING CODE 4830-01-P
![Federal Register / Vol. 81, No. 181 / Monday, September 19, 2016 / Rules and Regulations 64061
(preventive controls for animal food Associate Chief Counsel (International) DEPARTMENT OF DEFENSE
rule). In § 507.3, we included the at (202) 317–6934 (not a toll-free
definition of a qualified auditor. In the number). Office of the Secretary
definition, we provided examples of
SUPPLEMENTARY INFORMATION: 32 CFR Part 66
qualified auditors. Paragraph 2 of the
definition reads ‘‘An audit agent of a Background [Docket ID: DOD–2011–OS–0099]
certification body that is accredited in
accordance with regulations in part 1, The final regulations (TD 9773) that RIN 0790–AI78
subpart M of this chapter.’’ At the time are the subject of this correction are
the final rule published, paragraph 2 under section 1.6038–4 of the Internal Qualification Standards for Enlistment,
referred to a provision in a future final Revenue Code. Appointment, and Induction
rule: ‘‘Accreditation of Third-Party Need for Correction AGENCY: Office of the Under Secretary of
Certification Bodies to Conduct Food Defense for Personnel and Readiness,
Safety Audits to Issue Certifications’’ As published, the final regulations DoD.
(third-party certification rule). In the (TD 9773) contain errors that may prove
ACTION: Final rule.
preamble to the preventive controls for to be misleading and are in need of
animal food rule, we stated that we clarification. SUMMARY: This rule updates policies and
would publish a document in the List of Subjects in 26 CFR Part 1 responsibilities for basic entrance
Federal Register announcing the qualification standards for enlistment,
effective date of paragraph (2) once we Income taxes, Reporting and appointment, and induction into the
finalized the third-party certification recordkeeping requirements. Armed Forces and delegates the
rule (80 FR 55908 at 55954). authority to specify certain standards to
The final third-party certification rule Correction of Publication
the Secretaries of the Military
(80 FR 74569) published in the Federal Accordingly, 26 CFR part 1 is Departments. It establishes the age,
Register on November 27, 2015, with an corrected by making the following aptitude, character/conduct, citizenship,
effective date of January 26, 2016. This correcting amendments: dependents, education, medical,
document announces that the effective physical fitness, and other disqualifying
date for paragraph 2 in the definition of PART 1—INCOME TAXES conditions that are causes for rejection
qualified auditor in § 117.3 (80 FR from military service. Other standards
55098 at 56147) and § 507.3 (80 FR ■ Paragraph 1. The authority citation may be prescribed in the event of
56170 at 56339) is September 19, 2016. for part 1 continues to read in part as mobilization or national emergency.
Dated: September 14, 2016. follows: This rule sets standards designed to
Leslie Kux, Authority: 26 U.S.C. 7805 * * * ensure that individuals under
Associate Commissioner for Policy. ■ Par. 2. Section 1.6038–4 is amended consideration for enlistment,
[FR Doc. 2016–22494 Filed 9–16–16; 8:45 am] by revising paragraph (d)(3)(iv) to read appointment, and/or induction are able
BILLING CODE 4164–01–P as follows: to perform military duties successfully,
and to select those who are the most
§ 1.6038–4 Information returns required of suitable for Service life.
certain United States persons with respect DATES: Effective Date: This rule is
DEPARTMENT OF THE TREASURY to such person’s U.S. multinational effective on October 19, 2016.
enterprise group.
Internal Revenue Service FOR FURTHER INFORMATION CONTACT:
* * * * * Dennis J. Drogo, (703) 697–9268.
26 CFR Part 1 (d) * * * SUPPLEMENTARY INFORMATION:
[TD 9773] (3) * * *
(iv) Income tax paid and accrued tax Public Comments and Responses
RIN 1545–BM70 On March 27, 2015 (80 FR 16269–
expense of permanent establishment. In
Country-by-Country Reporting; the case of a constituent entity that is a 16277), the Department of Defense
Correction permanent establishment, the amount of published an interim final rule titled
income tax paid and the amount of ‘‘Qualification Standards for Enlistment,
AGENCY: Internal Revenue Service (IRS), accrued tax expense referred to in Appointment, and Induction’’ for a 60-
Treasury. paragraphs (d)(2)(iv) and (v) of this day public comment period. The
ACTION: Correcting amendment. section should not include the income comment period ended on May 26,
tax paid or tax expense accrued by the 2015. Three public comments were
SUMMARY: This document contains business entity of which the permanent received. This section addresses those
corrections to final regulations (TD establishment would be a part, but for comments.
9773) that were published in the the third sentence of paragraph (b)(2) of Comment 1: ‘‘Abstain: the area were
Federal Register on Thursday, June 30, this section, in that business entity’s tax I live is not for emergency personnel
2016 (81 FR 42482). This document jurisdiction of residence on the income conducting business that should be
contains final regulations that require derived by the permanent known as unwanted security.’’
annual country-by-country reporting by establishment. Response: The Department of Defense
certain United States persons that are thanks the commenter for the comment.
the ultimate parent entity of a * * * * *
rmajette on DSK2TPTVN1PROD with RULES
No changes were made to the final rule
multinational enterprise group. Martin V. Franks, as a result.
DATES: This correction is effective Chief, Publications and Regulations Branch, Comment 2: A 16-year veteran of the
September 19, 2016 and is applicable on Legal Processing Division, Associate Chief Air Force is in favor of having a
or after June 30, 2016. Counsel, (Procedure and Administration). qualified Armed Service to serve our
FOR FURTHER INFORMATION CONTACT: [FR Doc. 2016–22440 Filed 9–16–16; 8:45 am] country but, the commenter thinks
Melinda E. Harvey of the Office of BILLING CODE 4830–01–P interviews should be a part of the
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Document Created: 2016-09-17 02:30:38
Document Modified: 2016-09-17 02:30:38
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Rules and Regulations | |
| Action | Correcting amendment. | |
| Dates | This correction is effective September 19, 2016 and is applicable on or after June 30, 2016. | |
| Contact | Melinda E. Harvey of the Office of Associate Chief Counsel (International) at (202) 317-6934 (not a toll- free number). | |
| FR Citation | 81 FR 64061 | |
| RIN Number | 1545-BM70 | |
| CFR Associated | Income Taxes and Reporting and Recordkeeping Requirements |
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