Treasury Regulations (26 C.F.R.)
26 CFR § 1.5000C-7
Effective/applicability date.
Section 5000C applies to specified Federal procurement payments received pursuant to contracts entered into on and after January 2, 2011. Sections 1.5000C-1 through 1.5000C-7 apply on and after November 16, 2016. Contracting parties and acquiring agencies may rely upon the rules in the regulations before such date. If a foreign contracting party fully satisfies its tax and filing obligations under section 5000C with respect to any payments received in tax years ending before November 16, 2016 on or before the later of November 16, 2016 or the due date for the foreign person's income tax return for the year in which the payment was received in a manner consistent with the final regulations, penalties will not be asserted on the foreign contracting parties with respect to those payments or returns.
[T.D. 9782, 81 FR 55138, Aug. 18, 2016]
Source: view the official text
In this part (40 sections)
- 1.1561-1 · General rules regarding certain tax benefits available to…
- 1.1561-2 · Special rules for allocating reductions of certain section…
- 1.1561-3 · Allocation of the section 1561(a) tax items.
- 1.1563-1 · Definition of controlled group of corporations and component…
- 1.1563-2 · Excluded stock.
- 1.1563-3 · Rules for determining stock ownership.
- 1.1563-4 · Franchised corporations.
- 1.5000A-0 · Table of contents.
- 1.5000A-1 · Maintenance of minimum essential coverage and liability for…
- 1.5000A-2 · Minimum essential coverage.
- 1.5000A-3 · Exempt individuals.
- 1.5000A-4 · Computation of shared responsibility payment.
- 1.5000A-5 · Administration and procedure.
- 1.5000C-0 · Outline of regulation provisions for section 5000C.
- 1.5000C-1 · Tax on specified Federal procurement payments.
- 1.5000C-2 · Withholding on specified Federal procurement payments.
- 1.5000C-3 · Payment and returns of tax withheld by the acquiring agency.
- 1.5000C-4 · Requirement for the foreign contracting party to file a…
- 1.5000C-5 · Anti-abuse rule.
- 1.5000C-6 · Examples.
- 1.5000C-7 · Effective/applicability date.
- 1.6001-1 · Records.
- 1.6001-2 · Returns.
- 1.6011-1 · General requirement of return, statement, or list.
- 1.6011-2 · Returns, etc., of DISC's and former DISC's.
- 1.6011-3 · Requirement of statement from payees of certain gambling…
- 1.6011-4 · Requirement of statement disclosing participation in certain…
- 1.6011-5 · Required use of magnetic media for corporate income tax…
- 1.6011-6 · [Reserved]
- 1.6011-7 · Specified tax return preparers required to file individual…
- 1.6011-8 · Requirement of income tax return for taxpayers who claim the…
- 1.6011-9 · Syndicated conservation easement listed transactions.
- 1.6011-10 · Micro-captive listed transaction.
- 1.6011-11 · Micro-captive transaction of interest.
- 1.6011-15 · Charitable remainder annuity trust listed transaction.
- 1.6011-18 · Certain partnership related-party basis adjustment…
- 1.6012-1 · Individuals required to make returns of income.
- 1.6012-2 · Corporations required to make returns of income.
- 1.6012-3 · Returns by fiduciaries.
- 1.6012-4 · Miscellaneous returns.