Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Memorandum accounts - Policyholder credit accounts (PCA) - Policyholder debits of PCA company

OJ 8: PCA payment of tax relating to policyholder base

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.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519304.

Topics:
Money and consumer rights > Taxes
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“Removed rule about credits for reduced deficits in foreign dividend payment accounts”

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OJ 9: PCA transfer to imputation credit account, or

“Removed rule about moving money between company tax accounts”

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OJ 8PCA payment of tax relating to policyholder base (Repealed)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    • Section OJ 8: repealed, on , by section 439(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).