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RE 23: When amount of tax treated as FDP credit
or “This rule about treating tax as a foreign dividend payment credit is no longer in effect”
You could also call this:

“When Maori authorities deduct tax from distributions, it becomes a special credit”

When a Maori authority takes out some tax from a taxable Maori authority distribution, that amount is seen as a special credit. You can think of this credit as being attached to the distribution by the Maori authority. This is important for understanding how Maori authority credits work and are treated. The rules about this are explained in other parts of the law, like sections LO 1 to LO 4, OK 16, OK 19, and OK 20. These sections talk about how much the credits can be and what happens to them.

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Next up: RE 25: When amount of tax treated as imputation credit

or “Tax withheld from share-lending payments becomes an imputation credit”
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Part R General collection rules
Withholding tax on resident passive income (RWT)

RE 24When amount of tax treated as Maori authority credit

  1. This section applies when a Maori authority withholds an amount of tax for a taxable Maori authority distribution.

  2. The amount is treated as a Maori authority credit attached to the distribution by the Maori authority for the purposes of sections LO 1 to LO 4, OK 16, OK 19, and OK 20 (which relate to the amount and treatment of Maori authority credits).

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