Date: 2025-12-15
Links to Federal Register: HTML, PDF
(Proposed Regulation: REG-146537-06 HTML, PDF)
Document Number: 2025-22776, RIN: 1545-BG08
Action: Final and temporary regulations.
Abstract: This document contains final regulations relating to the taxation of the income of foreign governments from investments in the United States. In particular, these final regulations provide guidance for determining when a foreign government is engaged in commercial activity and when an entity is a controlled commercial entity. The final regulations will affect foreign governments that derive income from sources within the United States.
| Notable phrases | Frequency |
|---|---|
| commercial activit(y|ies) | 275 |
| controlled commercial entity | 27 |
| qualified partnership interest exception | 24 |
| trade or business | 24 |
| inadvertent commercial activity exception | 14 |
| usrphc per se rule | 12 |
| adequate written policies and operational procedures | 9 |
| indirect ownership | 6 |
| banking, financing, or similar business | 6 |
| Reg. Cites | Frequency |
|---|---|
| 1.892-5(d)(5)(iii) | 12 |
| 1.892-3(a)(4) | 11 |
| 1.892-3T(a)(3) | 10 |
| 1.892-5(a)(1) | 10 |
| 1.892-5 | 9 |
| 1.892-3T(a)(4) | 8 |
| 1.892-5(d)(5)(iii)(b) | 8 |
| 1.892-5(a)(2)(ii)(b) | 8 |
| 1.892-4 | 7 |
| 1.892-2T(a)(3) | 7 |
| 1.892-5(d)(5)(i) | 6 |
| 1.892-3 | 6 |
| 1.892-5T(b)(1) | 6 |
| 1.892-4(e)(1)(i) | 6 |
| 1.892-3T | 6 |
| 1.892-5(b)(1)(ii)(b) | 6 |
| 1.892-4T(c)(1)(i) | 5 |
| 1.892-4(e)(1)(ii) | 5 |
| 1.892-5(a)(3) | 5 |
| Sec. Cites | Frequency |
|---|---|
| 892 | 55 |
| 892(a)(2)(B) | 12 |
| 864(b) | 12 |
| 897(c)(2) | 8 |
| 162 | 5 |
| 897 | 5 |
| 892(a)(2)(A) | 4 |
| 6501 | 4 |
| 381(a) | 4 |
| 707(b) | 4 |
| 267(b) | 4 |
| 451(b)(3) | 3 |
| 1058 | 3 |
| 897(c)(1)(A)(i) | 3 |
| 871(m) | 2 |
| 892(c) | 2 |
| 513(b) | 2 |
| 864(b)(2)(B) | 2 |
| 381(b) | 2 |
Statistics
Number of pages: 20, words: 21,994, sentences: 792
Average words per sentence: 27