General collection rules - Refunds - Companies receiving foreign dividends
RM 19: Treatment of financial arrangements
You could also call this:
“Rules about financial arrangements in foreign dividends were removed in 2017”
This section of the law, called ‘Treatment of financial arrangements’, used to be part of the rules about companies receiving foreign dividends in the Income Tax Act 2007. However, you don’t need to worry about it anymore because it was removed from the law on 1 April 2017. The government decided it wasn’t needed and took it out of the Income Tax Act.
“Old rules for unrefunded foreign dividend amounts no longer apply”
Part R
General collection rules
Refunds:
Companies receiving foreign dividends
RM 19Treatment of financial arrangements (Repealed)
Notes
Section RM 19: repealed, on , by section 284(2) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
