This part of the law used to explain what a 'shareholder FDP ratio' meant. FDP stands for 'foreign dividend payment'. The shareholder FDP ratio was related to how companies kept track of their money, especially when dealing with foreign dividends. However, this section of the law no longer applies. It was removed on 1 July 2010, which means it's not part of the current rules anymore. If you need to know about how foreign dividends are handled now, you'll need to look at other, more recent parts of the tax laws.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519085.

Topics:

Money and consumer rights > Taxes

OC 38: Meaning of reduced deficit debit, or

"This outdated section about reduced deficit debits was removed from tax rules in 2010"

OD 1: General rules for companies with CTR accounts, or

"Old rules for companies with special tax accounts no longer apply"

Part OMemorandum accounts
Foreign dividend payment accounts (FDPA)

OC 39Meaning of shareholder FDP ratio (Repealed)

Notes

Section OC 39: repealed, on 1 July 2010, by section 418(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).