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Income Tax Act 2007

Memorandum accounts - Foreign dividend payment accounts (FDPA)

OC 27: FDP credits attached to dividends

You could also call this:

“Old rules about foreign dividend payment credits on dividends no longer apply”

This part of the law used to talk about FDP credits attached to dividends. FDP stands for foreign dividend payment. However, this section has been removed from the law. It was taken out on 1 April 2017. This means that the rules about FDP credits and dividends that were once in this part no longer apply.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519025.

Topics:
Money and consumer rights > Taxes
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OC 26: FDPA final balance, or

“This provision about FDPA final balance has been removed and no longer applies”

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OC 28: FDPA benchmark dividend rules, or

“Rules for certain dividend payments no longer apply”

Part O Memorandum accounts
Foreign dividend payment accounts (FDPA)

OC 27FDP credits attached to dividends (Repealed)

    Notes
    • Section OC 27: repealed, on , by section 216 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).