[Code of Federal Regulations]
[Title 26, Volume 18, Parts 500 to 599]
[Revised as of April 1, 2000]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR521.102]

[Page 146]
 
                       TITLE 26--INTERNAL REVENUE
 
     CHAPTER 1--INTERNAL REVENUE SERVICE DEPARTMENT OF THE TREASURY 
                               (Continued)
 
PART 521--DENMARK--Table of Contents
 
                       Subpart--General Income Tax
 
Sec. 521.102  Applicable provisions of the Internal Revenue Code.

    (a) The Internal Revenue Code provides in part as follows:

                          Chapter I--Income Tax

                                * * * * *

    Sec. 22. Gross income.

                                * * * * *

    (b) Exclusions from gross income. The following items shall not be 
included in gross income and shall be exempt from taxation under this 
chapter:

                                * * * * *

    (7) Income exempt under treaty. Income of any kind, to the extent 
required by any treaty obligation of the United States;

                                * * * * *

    Sec. 62. Rules and regulations. The Commissioner, with the approval 
of the Secretary, shall prescribe and publish all needful rules and 
regulations for the enforcement of this chapter.

    (b) Pursuant to section 62 of the Internal Revenue Code, other 
provisions of the internal revenue laws, and to Article XXII of the 
convention, the following regulations, which are designated as 
Secs. 521.101 to 521.117 are hereby prescribed and all regulations 
inconsistent herewith are modified accordingly.