Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Income - Income from equity

CD 21: Attributed repatriations from controlled foreign companies

You could also call this:

“Money from overseas companies you control is no longer taxed in this way”

You used to be able to get money from companies in other countries that you controlled. This was called ‘attributed repatriations from controlled foreign companies’. However, as of 30 June 2009, this part of the law no longer exists. It was removed from the Income Tax Act 2007.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512593.

Topics:

Money and consumer rights > Taxes

CD 20: Benefits of shareholder-employees or directors, or

“Rules for non-cash benefits given to employees who own shares or are directors”

CD 22: Returns of capital: off-market share cancellations, or

“Rules for taxing money received from company share cancellations”

Part C Income
Income from equity

CD 21Attributed repatriations from controlled foreign companies (Repealed)

Notes

Section CD 21: repealed (with effect on 30 June 2009), on 6 October 2009, by section 14(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).