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New Zealand law explained for everyone

Income Tax Act 2007

Taxation of certain entities - Portfolio investment entities - Elections and consequences

HM 76: Transition: FDPA companies

You could also call this:

"Rules for FDPA companies changing company type no longer apply"

This part of the law used to talk about what happened when a company that was an FDPA (Foreign Dividend Payment Account) company wanted to become a different kind of company. However, this rule doesn't exist anymore. The government got rid of it on 1 April 2017. If you want to know more about why this change happened, you can look at section 144 of a law with a very long name that was made in 2017.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2888884.

Topics:
Money and consumer rights > Taxes
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HM 75: Transition: treatment of shares held in certain companies, or

"How shares are handled when you become or stop being a PIE"

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HP 1: Liability for multinational top-up tax, or

"Big companies might have to pay extra tax to help make tax fairer"

Part HTaxation of certain entities
Portfolio investment entities: Elections and consequences

HM 76Transition: FDPA companies (Repealed)

    Notes
    • Section HM 76: repealed, on , by section 144 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).