Treasury release - Quarterly list of countries cooperating with international boycott 

June 4: The U.S. Treasury Department today released for publication in the Federal Register a quarterly list of countries that require (or may require) participation in, or cooperation with, an international boycott (within the meaning of IRC section 999(b)(3)).

IRC section 999(a)(3) directs the Treasury Secretary to maintain and publish, at least on a quarterly basis, a list of countries that require (or may require) participation with an international boycott. U.S. taxpayers that derive income in connection with participation in or cooperation with an international boycott are subject to special tax rules, including restrictions on their foreign tax credits.


Today’s Treasury release [PDF 171 KB] is provided under the U.S. international boycott rules, and contains the same list of countries as provided under prior lists (i.e., no new countries are added and no countries are removed from the prior quarterly list):


  • Iraq
  • Kuwait
  • Lebanon
  • Libya
  • Qatar
  • Saudi Arabia
  • Syria
  • United Arab Emirates
  • Yemen



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