[Code of Federal Regulations]
[Title 26, Volume 9]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.892-7T]

[Page 512]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.892-7T  Relationship to other Internal Revenue Code sections 
(temporary regulations).

    (a) Section 893. The term ``foreign government'' referred to in 
section 893 (relating to the exemption for compensation of employees of 
foreign governments) has the same meaning as given such term in Sec. 
1.892-2T.
    (b) Section 895. A foreign central bank of issue (as defined in 
Sec. 1.895-1(b)) that fails to qualify for the exemption from tax 
provided by this section (for example, it is not wholly owned by a 
foreign sovereign) may nevertheless be exempt from tax on the items of 
income described in section 895.
    (c) Section 883(b). Nothing in section 892 or these regulations 
shall limit the exemption provided under section 883(b) relating 
generally to the exemption of earnings derived by foreign participants 
from the ownership or operation of communications satellite systems.
    (d) Section 884. Earnings and profits attributable to income of a 
controlled entity of a foreign sovereign which is exempt from taxation 
under section 892 shall not be subject to the tax imposed by section 
884(a).
    (e) Sections 1441 and 1442. No withholding is required under 
sections 1441 and 1442 in the case of income exempt from taxation under 
section 892.

[T.D. 8211, 53 FR 24066, June 27, 1988]