OC 4: When company chooses to stop being FDPA company
You could also call this:
“A company can no longer choose to stop being an FDPA company”
This section used to explain what happens when a company decides to stop being an FDPA company. However, it has been removed from the law. As of 1 April 2017, this part of the Income Tax Act 2007 no longer applies. If you need information about FDPA companies, you might need to look at other parts of the law that are still in effect.
“When a company leaves New Zealand, there are no special rules for its accounts”
Part O
Memorandum accounts
Foreign dividend payment accounts (FDPA)
OC 4When company chooses to stop being FDPA company (Repealed)
Notes
Section OC 4: repealed, on , by section 216 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
