Per Se Corporation Default Foreign Entity List 26 CFR § 301

Per Se Corporation Default Foreign Entity List 26 CFR § 301

Per Se Corporation

Per Se Corporation: In some circumstances, a corporation will want to disregard the entity for IRS tax purposes, but remain a corporation for legal purposes. This is to simplify the tax reporting, but to maintain the legal protection of an entity.

In the U.S., a common example is a single member LLC (SMLLC). But, when the analysis involves foreign corporations, the rules are a bit more complicated.

That is because the IRS classifies certain foreign corporations as per se corporations.

That designation means that the foreign corporation is deemed a foreign corporation, despite otherwise being eligible to disregard the entity.

One very common example is a Sociedad Anonima.

We will summarize the per se corporation list of default foreign entities for U.S. tax.

Current List of Entities Considered Per Se

Foreign Corporations can be disregarded as well, as long as they are not considered to be “Per Se Corporations.”

If a Foreign Corporation is considered a per se corporation, then the corporation cannot be disregarded, and full reporting is necessary (usually on a form 5471 if the person qualifies under one of the 5 categories of filers).

  • American Samoa, Corporation
  • Argentina, Sociedad Anonima
  • Australia, Public Limited Company
  • Austria, Aktiengesellschaft
  • Barbados, Limited Company
  • Belgium, Societe Anonyme
  • Belize, Public Limited Company
  • Bolivia, Sociedad Anonima
  • Brazil, Sociedade Anonima
  • Bulgaria, Aktsionerno Druzhestvo.
  • Canada, Corporation and Company
  • Chile, Sociedad Anonima
  • People’s Republic of China, Gufen Youxian Gongsi
  • Republic of China (Taiwan), Ku-fen Yu-hsien Kung-szu
  • Colombia, Sociedad Anonima
  • Costa Rica, Sociedad Anonima
  • Cyprus, Public Limited Company
  • Czech Republic, Akciova Spolecnost
  • Denmark, Aktieselskab
  • Ecuador, Sociedad Anonima or Compania Anonima
  • Egypt, Sharikat Al-Mossahamah
  • El Salvador, Sociedad Anonima
  • Estonia, Aktsiaselts
  • European Economic Area/European Union, Societas Europaea
  • Finland, Julkinen Osakeyhtio/Publikt Aktiebolag
  • France, Societe Anonyme
  • Germany, Aktiengesellschaft
  • Greece, Anonymos Etairia
  • Guam, Corporation
  • Guatemala, Sociedad Anonima
  • Guyana, Public Limited Company
  • Honduras, Sociedad Anonima
  • Hong Kong, Public Limited Company
  • Hungary, Reszvenytarsasag
  • Iceland, Hlutafelag
  • India, Public Limited Company
  • Indonesia, Perseroan Terbuka
  • Ireland, Public Limited Company
  • Israel, Public Limited Company
  • Italy, Societa per Azioni
  • Jamaica, Public Limited Company
  • Japan, Kabushiki Kaisha
  • Kazakstan, Ashyk Aktsionerlik Kogham
  • Republic of Korea, Chusik Hoesa
  • Latvia, Akciju Sabiedriba
  • Liberia, Corporation
  • Liechtenstein, Aktiengesellschaft
  • Lithuania, Akcine Bendroves
  • Luxembourg, Societe Anonyme
  • Malaysia, Berhad
  • Malta, Public Limited Company
  • Mexico, Sociedad Anonima
  • Morocco, Societe Anonyme
  • Netherlands, Naamloze Vennootschap
  • New Zealand, Limited Company
  • Nicaragua, Compania Anonima
  • Nigeria, Public Limited Company
  • Northern Mariana Islands, Corporation
  • Norway, Allment Aksjeselskap
  • Pakistan, Public Limited Company
  • Panama, Sociedad Anonima
  • Paraguay, Sociedad Anonima
  • Peru, Sociedad Anonima
  • Philippines, Stock Corporation
  • Poland, Spolka Akcyjna
  • Portugal, Sociedade Anonima
  • Puerto Rico, Corporation
  • Romania, Societate pe Actiuni
  • Russia, Otkrytoye Aktsionernoy Obshchestvo
  • Saudi Arabia, Sharikat Al-Mossahamah
  • Singapore, Public Limited Company
  • Slovak Republic, Akciova Spolocnost
  • Slovenia, Delniska Druzba
  • South Africa, Public Limited Company
  • Spain, Sociedad Anonima
  • Surinam, Naamloze Vennootschap
  • Sweden, Publika Aktiebolag
  • Switzerland, Aktiengesellschaft
  • Thailand, Borisat Chamkad (Mahachon)
  • Trinidad and Tobago, Limited Company
  • Tunisia, Societe Anonyme
  • Turkey, Anonim Sirket
  • Ukraine, Aktsionerne Tovaristvo Vidkritogo Tipu
  • United Kingdom, Public Limited Company
  • United States Virgin Islands, Corporation
  • Uruguay, Sociedad Anonima
  • Venezuela, Sociedad Anonima or Compania Anonima

Non-Compliance with U.S. Tax Law

Whether it is because you did not you had to report foreign corporations, were below the threshold for filing in a foreign country, and/or have other unreported income, accounts, investments or assets – we can help.

Golding & Golding: About Our International Tax Law Firm

Golding & Golding specializes exclusively in international tax, and specifically IRS offshore disclosure

We are the “go-to” firm for other Attorneys, CPAs, Enrolled Agents, Accountants, and Financial Professionals across the globe. Our attorneys have worked with thousands of clients on offshore disclosure matters, including FATCA & FBAR.

Each case is led by a Board-Certified Tax Law Specialist with 20 years of experience, and the entire matter (tax and legal) is handled by our team, in-house.

*Please beware of copycat tax and law firms misleading the public about their credentials and experience.

Less than 1% of Tax Attorneys Nationwide Are Certified Specialists

Sean M. Golding is one of less than 350 Attorneys (out of more than 200,000 practicing California Attorneys) to earn the Certified Tax Law Specialist credential. The credential is awarded to less than 1% of Attorneys.

Recent Golding & Golding Case Highlights

  • We represented a client in an 8-figure disclosure that spanned 7 countries.
  • We represented a high-net-worth client to facilitate a complex expatriation with offshore disclosure.
  • We represented an overseas family with bringing multiple businesses & personal investments into U.S. tax and offshore compliance.
  • We took over a case from a small firm that unsuccessfully submitted multiple clients to IRS Offshore Disclosure.
  • We successfully completed several recent disclosures for clients with assets ranging from $50,000 – $7,000,000+.

How to Hire Experienced Offshore Counsel

Generally, experienced attorneys in this field will have all the following credentials/experience:

  • 20-years experience as a practicing attorney
  • Extensive litigation, high-stakes audit and trial experience
  • Board Certified Tax Law Specialist credential
  • Master’s of Tax Law (LL.M.)
  • Dually Licensed as an EA (Enrolled Agent) or CPA

Interested in Learning More about Golding & Golding?

No matter where in the world you reside, our international tax team can get you IRS offshore compliant. 

Golding & Golding specializes in FBAR and FATCA. Contact our firm today for assistance with getting compliant.