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New Zealand law explained for everyone

Income Tax Act 2007

Memorandum accounts - Foreign dividend payment accounts (FDPA)

OC 2: FDP accounts

You could also call this:

“FDP accounts are no longer part of the tax rules”

This section of the law about FDP accounts has been removed. It used to be part of the rules about keeping track of money in companies, but it’s not used anymore. The government took it out of the law on 1 April 2017. This means you don’t need to worry about FDP accounts now because they’re not part of the current tax rules.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1518966.

Topics:
Money and consumer rights > Taxes
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OC 1: General rules for companies with FDP accounts, or

“Rules for companies with FDP accounts no longer exist”

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OC 2B: General rule for life insurer's policyholder base, or

“This rule about life insurance companies and policyholders no longer exists”

Part O Memorandum accounts
Foreign dividend payment accounts (FDPA)

OC 2FDP accounts (Repealed)

    Notes
    • Section OC 2: repealed, on , by section 216 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).