Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Memorandum accounts - Foreign dividend payment accounts (FDPA)

OC 5: When company emigrates

You could also call this:

“When a company leaves New Zealand, there are no special rules for its accounts”

When a company leaves New Zealand, it is called ‘emigrating’. There used to be a law about what happens to a company’s memorandum accounts when it emigrates. However, this law no longer exists. It was removed on 1 April 2017. This means there are no special rules about memorandum accounts when a company leaves New Zealand anymore.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1518972.

Topics:
Money and consumer rights > Taxes
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OC 4: When company chooses to stop being FDPA company, or

“A company can no longer choose to stop being an FDPA company”

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OC 6: FDPA payment of FDP, or

“This section about company tax payments was removed in 2009”

Part O Memorandum accounts
Foreign dividend payment accounts (FDPA)

OC 5When company emigrates (Repealed)

    Notes
    • Section OC 5: repealed, on , by section 216 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).