RP-2023-21: Domestic asset/liability percentages for foreign insurance companies

Revenue Procedure 2023-21 applies to foreign insurance companies and provides the domestic asset/liability percentages and domestic investment yields needed by foreign life insurance companies and foreign property and liability insurance companies to compute their minimum effectively connected net investment income under section 842(b) of the Internal Revenue Code for taxable years beginning after December 31, 2021.

Revenue Procedure 2023-21 will be in IRB: 2023-19, dated 5/8/23.

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