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OE 3: Choosing to become BETA company
or “ Old rule about choosing to become a BETA company no longer applies ”
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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Next up: OE 5: Treatment of attributed CFC income and FIF income in this subpart

or “How overseas investment fund income is treated for tax purposes”
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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OE 4When company stops being BETA company (Repealed)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    • Section OE 4: repealed, on (applying for income years beginning on or after that date), by section 101(2) of the Taxation (International Investment and Remedial Matters) Act 2012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).