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Income Tax Act 2007

Memorandum accounts - Foreign dividend payment accounts (FDPA)

OC 10: FDPA payment of FDP for conduit debit balance

You could also call this:

“Removed rule about paying foreign dividend payment for conduit debit balance”

You had a rule called ‘FDPA payment of FDP for conduit debit balance’ in the Income Tax Act 2007. This rule was part of the ‘Memorandum accounts’ section. However, this rule doesn’t exist anymore. It was taken out of the law on 30 June 2009. The government made this change through another law called the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1518983.

Topics:

Money and consumer rights > Taxes

OC 9: FDPA transfer for net foreign attributed income, or

“Removal of rules about foreign dividend payment account transfers for overseas income”

OC 11: FDPA credit transfer to company, or

“This provision about transferring FDPA credits to companies has been removed from the law”

Part O Memorandum accounts
Foreign dividend payment accounts (FDPA)

OC 10FDPA payment of FDP for conduit debit balance (Repealed)

Notes

Section OC 10: repealed (with effect on 30 June 2009), on 6 October 2009, by section 408(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).