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Regional Tax for US Domicile CFCs present in a different Jurisdiction

edited Oct 8, 2024 2:00PM in Tax Reporting (Direct Tax) 1 comment

Hi All,

We have a case where, we have one CFC for US Domicile, which is having the domicile as Bermuda. Since the CFC Entity has Bermuda as the domicile, US regions are not available for the same entity. The ask is to have Regional specific data for the Bermuda CFC Entity as well. For Example, Bermuda Entity E001 to have data for, for example, for Texas state as well.

Have anyone come across such requirements? Or has anyone worked with CFCs having Domicile Separate from the one having regions? Please share your thoughts.

Thanks in Advance.

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