“A now-removed rule about branch equivalent tax credits and foreign dividend payments”
This section of the law, called ‘BETA refund of FDP’, was about branch equivalent tax credits. It was part of the Income Tax Act 2007. However, this part of the law no longer exists. It was removed on 1 July 2012. This means that from that date, this rule doesn’t apply anymore.
OE 10: BETA credit for loss of shareholder continuity, or
“Discontinued tax credit for companies that lost shareholder continuity”
Part O
Memorandum accounts
Branch equivalent tax accounts (BETA):
Branch equivalent tax credits
OE 9BETA refund of FDP (Repealed)
Notes
Section OE 9: repealed, on (applying for income years beginning on or after that date), by section 109(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
