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Income Tax Act 2007

Tax credits and other credits - Underlying foreign tax credits (UFTC)

LL 8: Currency conversion

You could also call this:

“This provision about converting different currencies for tax credits is no longer in use”

This section of the law, called ‘Currency conversion’, used to be part of the rules about tax credits and other credits in the Income Tax Act 2007. However, it’s no longer in use. The government removed this section on 30 June 2009. This means that if you’re looking for information about how to convert different types of money when dealing with tax credits, you won’t find it here anymore. If you need to know about currency conversion for tax purposes, you might need to look at other parts of the tax law or ask for help from a tax expert.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1518238.

Topics:
Money and consumer rights > Taxes
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“Law about special financing arrangements no longer applies to tax credits”

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LL 9: Some definitions, or

“Definitions for tax credits removed from the law”

Part L Tax credits and other credits
Underlying foreign tax credits (UFTC)

LL 8Currency conversion (Repealed)

    Notes
    • Section LL 8: repealed (with effect on 30 June 2009), on , by section 343(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).