Section 250 Deduction for Foreign Derived Intangible Income (FDII) and Global Intangible Low-Taxed Income (GILTI)

• Issuer: Treasury Department
• Section: Treasury Department

Form 8993

(Rev. December 2021)

Section 250 Deduction for Foreign-Derived Intangible Income (FDII)

and Global Intangible Low-Taxed Income (GILTI)

Department of the Treasury

Internal Revenue Service

▶ Go to www.irs.gov/Form8993 for instructions and the latest information.

OMB No. 1545-0123

Attachment

Sequence No. 993

Name of person filing this return Identifying number

Part I Determining Deduction Eligible Income (DEI) and Deemed Intangible Income (DII) (see instructions)

1 Gross income ............................. 1

2 Exclusions

aIncome included under section 951(a)(1) (see instructions) . . . . . . . 2a

bIncome included under section 951A (see instructions) . . . . . . . . 2b

cFinancial services income . . . . . . . . . . . . . . . . . 2c

dCFC dividends (see instructions) . . . . . . . . . . . . . . . 2d

eDomestic oil and gas extraction income . . . . . . . . . . . . . 2e

fForeign branch income . . . . . . . . . . . . . . . . . . 2f

3Total exclusions (add lines 2a through 2f) . . . . . . . . . . . . . . . . . . . . 3

4Gross DEI (subtract line 3 from line 1) . . . . . . . . . . . . . . . . . . . . . 4

5Deductions properly allocable to the amount on line 4 . . . . . . . . . . . . . . . . 5

6DEI (subtract line 5 from line 4) . . . . . . . . . . . . . . . . . . . . . . . . 6

7a Deemed tangible income return (DTIR) (10% of QBAI) . . . . . . . . 7a

bDTIR (10% of QBAI) from partnerships . . . . . . . . . . . . . 7b

cTotal DTIR (add lines 7a and 7b) . . . . . . . . . . . . . . . . . . . . . . . 7c

8DII (subtract line 7c from line 6) . . . . . . . . . . . . . . . . . . . . . . . 8

Part II Determining Foreign-Derived Deduction Eligible Income (FDDEI) (see instructions)

(A) Foreign-derived

income from all sales

of general property

(B) Foreign-derived

income from all sales

of intangible property

(C) Foreign-derived

income from all

services

(D) Total (add columns

(A) through (C))

9a Gross receipts . . . . . . . . . . . 9a

bGross receipts from partnerships . . . . . 9b

cTotal gross receipts (add lines 9a and 9b) . . 9c

10a Cost of goods sold (COGS) (see instructions) . 10a

bCOGS from partnerships (see instructions) . . 10b

cTotal COGS (add lines 10a and 10b) . . . . 10c

11 Gross FDDEI (subtract line 10c from line 9c) . 11

12 Allocable deductions . . . . . . . . . 12

13 Allocable deductions from partnerships . . . 13

14 Interest deductions ........................... 14

15 Research and experimental deductions . . . . . . . . . . . . . . . . . . . . . 15

16 Other apportioned deductions . . . . . . . . . . . . . . . . . . . . . . . . 16

17 Other apportioned deductions from partnerships . . . . . . . . . . . . . . . . . . 17

18 Total deductions (add lines 12 through 17) . . . . . . . . . . . . . . . . . . . . 18

19 FDDEI (subtract line 18 from line 11) . . . . . . . . . . . . . . . . . . . . . . 19

Part III Determining FDII and/or GILTI Deduction (see instructions)

20 Foreign-derived ratio (FDDEI/DEI) (divide line 19 by line 6) . . . . . . . . . . . . . . . 20

21 FDII (multiply line 8 by line 20) . . . . . . . . . . . . . . . . . . . . . . . . 21

22 GILTI inclusion (see instructions) . . . . . . . . . . . . . . . . . . . . . . . 22

23 Total FDII and GILTI (add lines 21 and 22) . . . . . . . . . . . . . . . . . . . . 23

24 Taxable income (see instructions) (If zero or less, skip lines 25 through 27 and enter -0- on lines 28

and 29.)............................... 24

25 Excess FDII and GILTI over taxable income (subtract line 24 from line 23). If zero or less, enter -0-

here and on lines 26 and 27 . . . . . . . . . . . . . . . . . . . . . . . . . 25

26 FDII reduction (divide line 21 by line 23; multiply by line 25) . . . . . . . . . . . . . . 26

27 GILTI reduction (subtract line 26 from line 25) . . . . . . . . . . . . . . . . . . . 27

28 FDII deduction (see instructions). Enter here and on Form 1120, Schedule C . . . . . . . . . 28

29 GILTI deduction (see instructions). Enter here and on Form 1120, Schedule C . . . . . . . . 29

For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 37817J Form 8993 (Rev. 12-2021)