美国财政部收紧了外国政府对美国被动收入的免税,实行新的规则,从2025年起生效。 U.S. Treasury tightens tax exemptions for foreign governments on U.S. passive income with new rules, effective 2025.

美国财政部已根据第892条发布了最终条例和拟议条例,澄清了外国政府对美国被动收入的免税。 The U.S. Treasury has released final and proposed regulations under Section 892, clarifying tax exemptions for foreign governments on U.S. passive income. 这些规则收紧了免责规定,将大多数债务获取视为商业活动,除非适用特定的安全港,如在严格条件下购买已登记供货或在既定市场购买。 The rules tighten the exemption by treating most debt acquisitions as commercial activities unless specific safe harbors apply, such as purchases in registered offerings or on established markets under strict conditions. 对私人基金的被动投资,如果作为有限控制的有条件的伙伴关系利益持有,可保留豁免。 Passive investments in private funds may retain exemption if held as qualified partnership interests with limited control. 最低程度的安全港适用于5%以下的持有量,无意中的商业活动例外在适当尽职的情况下给予补救。 A de minimis safe harbor applies to holdings under 5%, and an inadvertent commercial activity exception offers relief with proper due diligence. 条例旨在防止滥用,同时提供明确性,公众应在2026年2月13日前发表评论。 The regulations aim to prevent misuse while providing clarity, with public comments due by February 13, 2026.