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Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of December 16 - 20, 2024. December 16, 2024: The IRS released [...]

The Internal Revenue Service ('IRS') and Department of the Treasury last week released final regulations (the 'Final Regulations') relating to investment tax credits under Section 48 of the (the 'ITC') [...]

The U.S. Treasury Department and the Internal Revenue Service ('IRS') published final regulations on December 4, 2024, defining 'energy property' and rules applicable to energy credits (the investment tax credit, [...]

As we highlight in our recent blog post, we have seen a rise in the use of simple agreements for future equity ('SAFEs') in the private equity market. While SAFEs [...]

Over the past two and a half years, the Canadian government has proposed six different major investment tax credits (ITCs) that are aimed at incentivizing the decarbonization of the economy [...]

Highlights The Chips and Science Act of 2022 (CHIPS Act) added Section 48D to the Internal Revenue Code to incentivize the manufacture of semiconductors and semiconductor manufacturing equipment. The Section [...]

The Canadian government has enacted four new refundable investment tax credits (ITCs) designed to grow Canada's clean economy and allow Canada to remain competitive in attracting investment in clean energy [...]

On October 22, 2024, the US Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued long-awaited regulations implementing the advanced manufacturing investment credit under Sections 48D1 and [...]

On June 5, 2023, the 'Decree Promoting Investment by Taxpayers Engaging in Productive Economic Activities within the Development Poles for the Welfare of the Isthmus of Tehuantepec' (hereinafter the 'Decree') [...]

The Inflation Reduction Act of 2022 (IRA) aims to incentivize companies to implement a number of goals. Among other objectives, goals include building additional infrastructure, manufacturing equipment needed to strengthen [...]

Last year, we distributed a bulletin that provided an overview of recent developments related to carbon capture and sequestration (CCS) in Ontario, Alberta and federally. A year on, major investments [...]

In the inaugural episode of Clean Incentives, hosts Brendan Sigalet and Derrick Osborne, alongside special guests Ashley White and Jason Roth, delve into the myriad of tax incentives available for [...]

On 14 April 2024, the Zakat, Tax, and Customs Authority (ZATCA) released comprehensive guidelines for regional headquarters in Saudi Arabia. These guidelines, available in English and Arabic, provide detailed explanations [...]

Highlights The U.S. Department of the Treasury and IRS recently issued proposed regulations under the new Internal Revenue Code Section 45Y Clean Electricity Production Tax Credit (PTC) and Section 48E [...]

Understanding the tax treatment of joint ventures in Egypt is crucial for both local and international investors. With the country's strategic location as a commercial hub between Europe, the Middle [...]

As part of the 2022 French Climate & Resilience Law, the French legislature decided to strengthen the greening and solarization requirements on certain buildings and parking lots. These obligations came [...]

During the high brow discussions the last few weeks in Washington regarding the potential shut down of the Federal Government, it would have been very easy to miss one little [...]

The Madeira International Business Centre (MIBC) offers several benefits to companies that are registered there, including a low corporate tax rate of 5%. However, to qualify for these benefits, and [...]

On August 4, 2023, the Department of Finance (Finance) released a series of draft legislative proposals (August 4 Proposals) on a variety of previously announced tax measures. The August 4 [...]

On August 30, 2023, the U.S. Treasury Department (the 'Treasury') and the Internal Revenue Service (the 'IRS') published proposed regulations in the Federal Register1providing updated guidance on the prevailing wage [...]

The Internal Revenue Service (IRS) and Department of the Treasury earlier this month released final regulations (the 'Low-Income Community Bonus Credit Rules') relating to the low-income community bonus credit pursuant [...]

The federal government recently released draft legislation to implement certain tax measures previously announced in the 2023 Federal Budget and th e2022 fall economic statement. Released August 4, 2023, the [...]

Note: We'd like to thank Sarina Rogers, summer associate in the San Diego office, for her assistance in authoring this article. A Qualified Opportunity Zone (QOZ) is an economically distressed [...]

On August 4, 2023, the Federal Government released proposed legislation for the Clean Technology Investment Tax Credit (Clean Tech ITC), as proposed by the 2022 Fall Economic Statement (the 2022 [...]

On 13 July 2023, a draft law was presented to Parliament which introduces a major reform of the current investment tax credit framework, with effect as from tax year 2024. [...]

On May 31, 2023, the Department of Treasury ('Treasury') and the Internal Revenue Service ('IRS') released Notice 2023-44 ('Notice') to provide additional guidance on Section 48C,1 a revised and expanded [...]

A summary of available incentives for players in the power sector Nigeria's power sector has continued to grow even though some may argue that the rate of growth is still [...]

On May 31, 2023, the IRS issued REG-110412-23, additional guidance (the 'Proposed Rules') on the administration and interpretation of Section 48(e), an allocation-based investment tax credit ('ITC') enhancement for projects [...]

On May 12, 2023, the IRS and the Department of the Treasury issued highly anticipated guidance regarding the requirements to satisfy the domestic content bonus tax credit provisions for investment [...]

On May 12, 2023, the IRS and the Department of the Treasury issued highly anticipated guidance regarding the requirements to satisfy the domestic content bonus tax credit provisions for investment [...]

Background The Inflation Reduction Act (IRA) of 2022 provides significant incentives for taxpayers and tax-exempt entities to invest in clean energy projects. In addition to expanding the types of projects [...]

The Internal Revenue Service (IRS) has released initial guidance on the low-income adder to the investment tax credit (ITC) under Section 48(e) (Low-Income Bonus). The guidance, released in IRS Notice [...]

To view the video please click here. The passage of the landmark Inflation Reduction Act of 2022 (IRA) is a long-awaited and critical win for standalone energy storage system projects. [...]

Ever wonder why as an individual, you probably cannot claim the investment tax credit or production tax credits? The passive activity loss rules prevent individuals from using tax credits and [...]

On 10th March 2022, the Cyprus parliament voted for the purpose of extending the tax incentives of Cyprus with regards to investing in rising and creative small and medium enterprises [...]

The 2022 Federal Budget (Budget 2022) tabled on April 7, 2022 (Budget Day) sets its sights on moving on from COVID measures to building the Canada that follows. Budget 2022, [...]

On October 28, 2021, the House Ways and Means Committee released a revamped draft tax proposal ('Revised Tax Proposal'), which now includes new levies affecting large corporations and millionaires. The [...]

The rapidly growing offshore wind sector received a significant boost at the end of 2020, thanks to the creation of a new investment tax credit ('ITC') for offshore wind projects [...]

On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 (the CAA). The CAA extends the production tax credits (PTC) and investment tax credits (ITC) available to taxpayers [...]

The US Internal Revenue Service (IRS) released Notice 2019-43 (the 'Notice') on July 12, 2019, which provides that the period in which wind facility and energy property that have begun [...]

On July 17, 2019, the US Internal Revenue Service (IRS) issued final regulations (T.D. 9872) providing guidance on the rules under Internal Revenue Code (IRC) section 50(d)(5) requiring an income [...]

In the quest to improve the infrastructural needs of Nigeria and maximise resources, the President of Nigeria approved the Executive Order 007 (the Order) on Road Infrastructure Development and Refurbishment [...]

In this podcast, Laurel FitzPatrick, Adam Greenwood and Jim Brown discuss the tax considerations applicable to non-US investors investing in funds that invest in credit and debt instruments. So-called 'treaty [...]

The IRS recently issued Notice 2018-59 (the 'Notice') which provides clarification to 'beginning of construction' for taxpayers seeking to take advantage of the section 48 renewable electricity investment tax credit [...]

On June 22, 2018, the US Internal Revenue Service ('IRS') released Notice 2018-59 ('Guidance'). The Guidance provides rules to determine when construction begins with respect to investment tax credit ('ITC') [...]

On June 22, 2018, the IRS released Notice 2018-59 (the 'Guidance'). The Guidance provides rules to determine when construction begins with respect to investment tax credit ('ITC') eligible property, such [...]

On May 18, 2018, the Department of State (DOS) announced the termination of a bilateral investment treaty (BIT) between the United States and Ecuador, a year after the government of [...]

As in previous proposed budgets, President Obama's recently released budget proposal for the 2017 fiscal year contains energy-related tax provisions that include a permanent extension of the renewable energy production [...]

In this edition of Seyfarth Shaw's Energy Insights Newsletter, our Energy and Clean Technologies team covers important developments in Q4 2015 for the energy industry including 1) collateral tax benefits [...]

On December 18, 2015, the President signed the Omnibus Appropriations Act (the 'Act') into law.1 Among the numerous changes in tax law contained in the Act are five-year extensions of [...]