Idaho Clarifies Treatment of GILTI Income

Idaho has adopted temporary amendments to the rule governing the treatment of dividends for taxpayers that elect to use the water’s edge filing method. The amendments are intended to:

– avoid taxing repatriated dividend income previously included in a prior year’s Idaho apportionable income; and

– provide clarification on Idaho’s treatment of Global Intangible Low Tax Income (GILTI).

Temporary Administrative Rule, Idaho State Tax Commission, effective January 4, 2019

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All stories by: CCHTaxGroup