Recharacterisation of certain transactions - Consolidated groups of companies - Treatment of foreign dividends
FM 27: Refunds of FDP
You could also call this:
“This section about refunds of foreign dividend payments no longer applies”
You don’t need to know about this section of the law anymore. It was about refunds of FDP (Foreign Dividend Payment), which was part of how foreign dividends were treated in New Zealand’s tax system. However, this section was removed from the law on 1 April 2017. This means it no longer applies and you don’t need to follow any rules about FDP refunds.
FM 28: Refund when consolidated group has loss, or
“Refunds for losses in consolidated groups (no longer applicable)”
Part F
Recharacterisation of certain transactions
Consolidated groups of companies:
Treatment of foreign dividends
FM 27Refunds of FDP (Repealed)
Notes
Section FM 27: repealed, on , by section 109 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
