Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Memorandum accounts - Foreign dividend payment accounts (FDPA)

OC 12: FDPA reversal of tax advantage arrangement

You could also call this:

“This provision about reversing tax advantages for FDP accounts no longer applies”

This part of the law used to be about something called ‘FDPA reversal of tax advantage arrangement’. It was part of the rules about ‘Memorandum accounts’ in the Income Tax Act 2007. However, you don’t need to worry about this anymore because it was removed from the law on 1 April 2017. This means it no longer applies and you don’t have to follow these rules.

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 It might be out of date or be missing some parts.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

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1518987.

Topics:
Money and consumer rights > Taxes
Previous

OC 11: FDPA credit transfer to company, or

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

Next

OC 13: FDPA payment of dividend, or

“This section about company dividend payments was removed from the law in 2017”

Part O Memorandum accounts
Foreign dividend payment accounts (FDPA)

OC 12FDPA reversal of tax advantage arrangement (Repealed)

    Notes
    • Section OC 12: repealed, on , by section 216 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).