Tax credits and other credits - Terminating provisions
LZ 1: Low tax jurisdiction companies
You could also call this:
“Companies in low-tax countries: Rules no longer apply”
The law used to have a section called ‘Low tax jurisdiction companies’ under the part about ‘Tax credits and other credits’ in the Income Tax Act 2007. However, this section no longer exists. It was removed on 2 November 2012. This means that any rules or information that were once in this section are no longer part of the current law.
