Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
OC 6: FDPA payment of FDP
or “This section about company tax payments was removed in 2009”
You could also call this:

“This rule about certain company dividends was removed in 2017 and no longer applies”

This provision, called ‘FDPA dividend derived with FDP credit’, was part of the Income Tax Act 2007. It was about memorandum accounts. However, you don’t need to worry about it anymore because it was removed from the law on 1 April 2017. This means it no longer applies to anything.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: OC 8: FDPA payment of FDP for transfer from CTR account

or “This provision about paying tax on certain company account transfers has been removed from the law”
Next

Part O Memorandum accounts
Foreign dividend payment accounts (FDPA)

OC 7FDPA dividend derived with FDP credit (Repealed)

    Notes
    • Section OC 7: repealed, on , by section 216 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).