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OE 1: General rules for persons with branch equivalent tax accounts
or “Rules for non-company New Zealand residents with branch equivalent tax accounts”
You could also call this:

“Companies no longer need special tax accounts for overseas income”

You should know that the law about branch equivalent tax accounts for companies no longer exists. The government removed this part of the law on 1 July 2012. This means that companies don’t need to worry about these special tax accounts anymore. If you want to know more about how taxes work for companies now, you might need to look at other parts of the tax law.

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Next up: OE 3: Choosing to become BETA company

or “ Old rule about choosing to become a BETA company no longer applies ”
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Part O Memorandum accounts
Branch equivalent tax accounts (BETA): Introductory provisions

OE 2Branch equivalent tax accounts of companies (Repealed)

    Notes
    • Section OE 2: repealed, on (applying for income years beginning on or after that date), by section 101(2) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).