Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
OC 37: Meaning of policyholder FDP ratio
or “Explanation of a term for foreign dividend payments that is no longer in use”
You could also call this:

“This outdated section about reduced deficit debits was removed from tax rules in 2010”

This section of the law, called ‘Meaning of reduced deficit debit’, used to be part of the Income Tax Act 2007. However, it is no longer in effect. The government removed this section on 1 July 2010. This means that you don’t need to worry about what a ‘reduced deficit debit’ means anymore, as it’s not part of the current tax 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 It might be out of date or be missing some parts.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.

Next up: OC 39: Meaning of shareholder FDP ratio

or “What 'shareholder FDP ratio' used to mean (no longer applies)”
Next

Part O Memorandum accounts
Foreign dividend payment accounts (FDPA)

OC 38Meaning of reduced deficit debit (Repealed)

    Notes
    • Section OC 38: repealed, on , by section 418(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).