Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
OJ 7: PCA credit for reduced deficit in FDP account
or “Removed rule about credits for reduced deficits in foreign dividend payment accounts”
You could also call this:

“Old rules for insurance companies' tax payments on policyholder income”

This part of the law is about a company that provides insurance policies. It talks about how the company pays tax on the money it gets from people who buy insurance policies. However, this part of the law is no longer used. The government decided to remove it on 1 July 2010. This means that companies don’t have to follow these rules anymore when they pay their taxes.

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 It might be out of date or be missing some parts.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: OJ 9: PCA transfer to imputation credit account

or “Removed rule about moving money between company tax accounts”
Next

Part O Memorandum accounts
Policyholder credit accounts (PCA): Policyholder debits of PCA company

OJ 8PCA payment of tax relating to policyholder base (Repealed)

    Notes
    • Section OJ 8: repealed, on , by section 439(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).