General collection rules - Refunds - Companies receiving foreign dividends
RM 21: Refunds when loss balances used to reduce net income
You could also call this:
“This rule about getting refunds when using losses to lower taxable income no longer applies”
This section of the law, called ‘Refunds when loss balances used to reduce net income’, used to be part of the rules for companies receiving foreign dividends in the Income Tax Act 2007. However, it has been removed from the law. The government took it out on 1 April 2017. This means that this specific rule no longer applies, and you can’t use it anymore.
RM 22: Limits on refunds for Maori authorities, or
“Rules for tax refunds to Māori authorities”
Part R
General collection rules
Refunds:
Companies receiving foreign dividends
RM 21Refunds when loss balances used to reduce net income (Repealed)
Notes
Section RM 21: repealed, on , by section 284(2) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
