This law, called 'FDPA breach of FDP ratio by PCA company', was part of the Income Tax Act 2007 in New Zealand. It was about memorandum accounts. However, this law no longer exists. It was removed on 1 July 2010. This means that you don't need to worry about following this rule anymore because it's not part of the law now.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519014.

Topics:

Money and consumer rights > Taxes

OC 22: FDPA breach of FDP ratio, or

"This provision about foreign dividend payment rules no longer exists"

OC 24: FDPA debit for loss of shareholder continuity, or

"This tax rule about company ownership changes was removed in 2017"

Part OMemorandum accounts
Foreign dividend payment accounts (FDPA)

OC 23FDPA breach of FDP ratio by PCA company (Repealed)

Notes

Section OC 23: repealed, on 1 July 2010, by section 411(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).