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Panoptic Enterprises' FEDERAL CONTRACTS DISPATCH

DATE: February 7, 2005

SUBJECT: Defense Federal Acquisition Regulation Supplement (DFARS); Tax Procedures for Overseas Contracts

SOURCE: Federal Register, February 7, 2005, Vol. 70, No. 24, page 6375

AGENCIES: Department of Defense (DOD)

ACTION: Final Rule

SYNOPSIS: DOD is removing the text in DFARS Subpart 229.70, Special Procedures for Overseas Contracts, and relocating it to the DFARS companion document "Procedures, Guidance, and Information" (PGI).

EDITOR’S NOTE: For more on the proposed rule, see the August 2, 2004, FEDERAL CONTRACTS DISPATCHDefense Federal Acquisition Regulation Supplement (DFARS); Tax Procedures for Overseas Contracts.”

For more on the DFARS transformation, see the February 11, 2003, FEDERAL CONTRACTS DISPATCH "Defense Federal Acquisition Regulation Supplement (DFARS) Transformation"). Additional information on the DFARS Transformation initiative is available at http://www.acq.osd.mil/dpap/dfars/transf.htm.

For more on the PGI, see the November 1, 2004, FEDERAL CONTRACTS DISPATCH "Defense Federal Acquisition Regulation Supplement (DFARS); Procedures, Guidance, and Information."

EFFECTIVE DATE: February 7, 2005.

FOR FURTHER INFORMATION CONTACT: Euclides Barrera, Defense Acquisition Regulations Council, OUSD(AT&L)DPAP (DAR), IMD 3C132, 3062 Defense Pentagon, Washington, DC 20301-3062; 703-602-0296; fax: 703-602-0350.

SUPPLEMENTARY INFORMATION: As part of the DFARS transformation, DOD published a proposed rule on August 2, 2004, that would remove the text of DFARS Subpart 229.70, which addressed the procedures that DOD contracting officers use in obtaining tax relief and duty-free import privileges for acquisitions conducted in Spain and the United Kingdom, and replace it with the following sentence: "To obtain tax relief for overseas contracts, follow the procedures at PGI 229.70." Because no comments were received on the proposed rule, it is adopted as final without changes.

FOR FURTHER INFORMATION CONTACT: Panoptic Enterprises at 703-451-5953.

Copyright 2005 by Panoptic Enterprises. All Rights Reserved.

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