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New Zealand law explained for everyone

Income Tax Act 2007

General collection rules - Withholding tax on non-resident passive income (NRWT)

RF 14: Treatment of FDP credits

You could also call this:

“This section about foreign dividend payment credits no longer applies”

This part of the law used to talk about how FDP credits were treated. FDP stands for foreign dividend payment. However, this section no longer applies. It was removed from the law on 1 April 2017. This means that the rules about FDP credits that were once here are no longer in effect. If you need to know about how FDP credits are handled now, you might need to look at other parts of the tax law or ask a tax expert.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1520373.

Topics:
Money and consumer rights > Taxes
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RF 13: Basis for payment of amounts of tax for non-resident passive income, or

“How to pay NRWT when you don't expect to withhold $500 or more in a year”

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RF 15: Commissioner’s power to vary amounts of tax, or

“Tax Commissioner can adjust non-resident withholding tax in special cases”

Part R General collection rules
Withholding tax on non-resident passive income (NRWT)

RF 14Treatment of FDP credits (Repealed)

    Notes
    • Section RF 14: repealed, on , by section 280 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).