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Income Tax Act 2007

Memorandum accounts - Foreign dividend payment accounts (FDPA)

OC 22: FDPA breach of FDP ratio

You could also call this:

“This provision about foreign dividend payment rules no longer exists”

This part of the law used to talk about something called ‘FDPA breach of FDP ratio’. It was part of the rules about ‘Memorandum accounts’ in the Income Tax Act 2007. However, this section doesn’t exist anymore. It was removed from the law on 1 April 2017. This means that whatever rules were in this section are no longer in effect.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519008.

Topics:
Money and consumer rights > Taxes
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OC 21: FDPA transfer to group account, or

“Removed law about transferring money between company accounts”

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OC 23: FDPA breach of FDP ratio by PCA company, or

“Removed law about tax accounting for certain companies”

Part O Memorandum accounts
Foreign dividend payment accounts (FDPA)

OC 22FDPA breach of FDP ratio (Repealed)

    Notes
    • Section OC 22: repealed, on , by section 216 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).