Rev. Proc. 2013-33 - Percentages for foreign insurance companies to compute minimum effectively connected net investment income for 2012 

August 28: The IRS today released an advance copy of Rev. Proc. 2013-33 providing the domestic asset / liability percentages and domestic investment yields needed by foreign life insurance companies and by foreign property and liability insurance companies to compute their minimum effectively connected net investment income under section 842(b) for tax years beginning after December 31, 2011.

Read text of Rev. Proc. 2013-33 [PDF 10 KB]

Domestic asset/liability percentages for 2012 (i.e., first tax year beginning after December 31, 2011)
163.8% For foreign life insurance companies
186.5% For foreign property and liability insurance companies

Domestic investment yields for 2012 (first tax year beginning after December 31, 2011)
3.5% For foreign life insurance companies
3.7% For foreign property and liability insurance companies

Read TaxNewsFlash-United States (September 5, 2012) for the domestic asset/liability and investment yield percentages for 2011 (i.e., tax years beginning after 2010).

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