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Income Tax Act 2007

General collection rules - Refunds - Companies receiving foreign dividends

RM 20: Treatment of amounts not refunded

You could also call this:

“Old rules for unrefunded foreign dividend amounts no longer apply”

This section of the law no longer applies. It was removed on 1 April 2017. The section used to be about how to handle amounts that weren’t refunded for companies receiving foreign dividends. But now, you don’t need to worry about this part of the law anymore because it has been taken out of the Income Tax Act 2007.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1520456.

Topics:
Money and consumer rights > Taxes
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RM 19: Treatment of financial arrangements, or

“Rules about financial arrangements in foreign dividends were removed in 2017”

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RM 21: Refunds when loss balances used to reduce net income, or

“This rule about getting refunds when using losses to lower taxable income no longer applies”

Part R General collection rules
Refunds: Companies receiving foreign dividends

RM 20Treatment of amounts not refunded (Repealed)

    Notes
    • Section RM 20: repealed, on , by section 284(2) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).