HA 17 Dividends derived by qualifying companies
What this section applies to

(1)

This section applies to a dividend—

(a)

that is derived by a qualifying company; and

(b)

to which section CW 10 (Dividend within New Zealand wholly-owned group) applies.

Dividend not exempt income

(2)

The dividend is not exempt income under section CW 10, except to the extent to which section CW 9 (Dividend derived by company from overseas) applies to it.

Defined in this Act: company, dividend, exempt income, qualifying company

Compare: 2004 No 35 ss HG 10(a), HG 13(1)(aa)

Section HA 17(1)(a): amended, on 30 March 2017 (with effect on 1 April 2008 and applying for the 2008–09 and later income years), by section 125(1) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).

Section HA 17(1)(b): amended (with effect on 1 July 2011 and applying for income years beginning on or after that date), on 7 May 2012, by section 74(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).

Section HA 17(2): amended (with effect on 1 July 2011 and applying for income years beginning on or after that date), on 7 May 2012, by section 74(2) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).