Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Memorandum accounts - Branch equivalent tax accounts (BETA) - Branch equivalent tax debits

OE 13: BETA reduction in FDP

You could also call this:

“Removed rule about reducing foreign dividend payments using branch equivalent tax accounts”

This part of the law is about something called ‘BETA reduction in FDP’. It was part of the rules about ‘Branch equivalent tax debits’ in the Income Tax Act 2007. However, this rule doesn’t exist anymore. It was removed from the law on 30 June 2009. This means you don’t need to worry about this rule now because it’s not part of the current law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519222.

Topics:
Money and consumer rights > Taxes
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OE 12: BETA payment of FDP, or

“This provision about branch tax debits no longer exists”

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OE 14: BETA refund of income tax, or

“This rule about refunding certain tax credits no longer applies”

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

OE 13BETA reduction in FDP (Repealed)

    Notes
    • Section OE 13: repealed (with effect on 30 June 2009), on , by section 433(1) the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).