Treasury Updates Boycott Country List: Watch Saudi, Syria
Published Date: 3/11/2026
Notice
Summary
The Treasury just updated the list of countries that might ask U.S. businesses to join or help with international boycotts. If you’re a company dealing with Iraq, Kuwait, Lebanon, Libya, Qatar, Saudi Arabia, Syria, or Yemen, watch out—this could affect your taxes and reporting starting now. Staying on top of these rules helps you avoid penalties and keep your money safe.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Treasury Publishes IRC Section 999 Boycott List
The Department of the Treasury published, under Internal Revenue Code section 999(a)(3) and defined by section 999(b)(3), a current list of countries that require or may require participation in or cooperation with an international boycott. The named countries are Iraq, Kuwait, Lebanon, Libya, Qatar, Saudi Arabia, Syria, and Yemen (published March 11, 2026).
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