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Income Tax Act 2007

Memorandum accounts - Branch equivalent tax accounts (BETA) - Introductory provisions

OE 4: When company stops being BETA company

You could also call this:

“When a company is no longer classified as a BETA company”

This section of the law has been removed. It used to tell you when a company would no longer be considered a BETA company. BETA stands for Branch Equivalent Tax Account. The government took this part out of the law on 1 July 2012. This change affects how companies are taxed for income years that start on or after that date.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519187.

Topics:
Money and consumer rights > Taxes
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OE 3: Choosing to become BETA company, or

“ Old rule about choosing to become a BETA company no longer applies ”

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OE 5: Treatment of attributed CFC income and FIF income in this subpart, or

“How overseas investment fund income is treated for tax purposes”

Part O Memorandum accounts
Branch equivalent tax accounts (BETA): Introductory provisions

OE 4When company stops being BETA company (Repealed)

    Notes
    • Section OE 4: repealed, on (applying for income years beginning on or after that date), by section 101(2) of the Taxation (International Investment and Remedial Matters) Act 2012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).