Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Memorandum accounts - Maori authority credit accounts (MACA)

OK 14: MACA refund of FDP

You could also call this:

“This provision about tax refunds related to foreign dividends was removed in 2017”

This part of the law used to talk about something called ‘MACA refund of FDP’ under the topic of ‘Memorandum accounts’ in the Income Tax Act 2007. However, this section no longer exists in the current law. It was removed on 1 April 2017. This means that the rules that were once here are no longer in effect, and you don’t need to worry about them anymore.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519372.

Topics:
Money and consumer rights > Taxes
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OK 13: MACA payment of other taxes, or

“Using overpaid income tax to settle other tax debts for Māori authorities”

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OK 14B: MACA refund of tax credit, or

“Refunds or transfers of tax credits for Māori authorities”

Part O Memorandum accounts
Maori authority credit accounts (MACA)

OK 14MACA refund of FDP (Repealed)

    Notes
    • Section OK 14: repealed, on , by section 223 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).