Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
OE 5: Treatment of attributed CFC income and FIF income in this subpart
or “How overseas investment fund income is treated for tax purposes”
You could also call this:

“Discontinued method for paying tax on overseas income”

This part of the law used to be about how you could pay income tax on money you earned from other countries. It was called ‘BETA payment of income tax on foreign income’. However, this rule doesn’t exist anymore. The government removed it on 1 July 2012. This means that since that date, you can’t use this method to pay tax on money you get from overseas.

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 It might be out of date or be missing some parts.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: OE 7: BETA payment of income tax

or “Branch equivalent tax credits can no longer be used to pay income tax”
Next

Part O Memorandum accounts
Branch equivalent tax accounts (BETA): Branch equivalent tax credits

OE 6BETA payment of income tax on foreign income (Repealed)

    Notes
    • Section OE 6: repealed, on (applying for income years beginning on or after that date), by section 105(2) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).