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Income Tax Act 2007

Memorandum accounts - Terminating provisions

OZ 17: CTRA reductions

You could also call this:

“Removed rules about reducing credits in a company's tax account”

This section of the Income Tax Act 2007 called ‘CTRA reductions’ has been removed. It used to be part of the rules about memorandum accounts, but it’s not in use anymore. The government took it out of the law on 1 July 2011. This change affects how you deal with your taxes for any money you earn from that date onwards.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1632293.

Topics:
Money and consumer rights > Taxes
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OZ 16: BETA reductions, or

“Outdated rules for reducing Branch Equivalent Tax Accounts no longer apply”

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OZ 18: Credit-back of PCA balance, or

“This provision about crediting back a policyholder credit account balance has been removed”

Part O Memorandum accounts
Terminating provisions

OZ 17CTRA reductions (Repealed)

    Notes
    • Section OZ 17: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 126(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).