Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Tax credits and other credits - Tax credits for foreign dividend payment (FDP) credits

LF 8: Credits for persons who are non-resident or who receive exempt income

You could also call this:

“This section about tax credits for non-residents and exempt income no longer applies”

This part of the law used to talk about tax credits for people who are not living in New Zealand or who get income that doesn’t need to be taxed. However, as of 1 April 2017, this section has been removed from the law. It no longer applies, so there are no rules to explain about this topic.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1518093.

Topics:
Money and consumer rights > Taxes
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LF 7: Application of combined imputation and FDP ratio, or

“How combined tax credits used to be applied (now removed)”

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LF 9: When income tax unpaid, or

“This section about unpaid income tax has been removed from the law”

Part L Tax credits and other credits
Tax credits for foreign dividend payment (FDP) credits

LF 8Credits for persons who are non-resident or who receive exempt income (Repealed)

    Notes
    • Section LF 8: repealed, on , by section 158 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).