35 Miss. Code R. § 3-08-05-100
Current through June 25, 2024
Mississippi does not follow Federal Law or Regulations as they relate to Foreign Sales Corporations except as noted below. For Mississippi purposes an FSC is treated as a normal corporation. Any sale to an FSC must be at arms-length. Any expense reimbursement must be reasonable based on the service performed or the expense incurred by the FSC.
35 Miss. Code. R. § 3-08-05-100