8.4 23%20%2024%20Losses%20Imputation%20Foreign%20dividend%20payments%202009final0

8.4 23%20%2024%20Losses%20Imputation%20Foreign%20dividend%20payments%202009final0

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ACIS 254 7 MAY 2009 LECTURE 23 AND 24: LOSSES, IMPUTATION, FOREIGN DIVIDEND PAYMENTS, FOREIGN INVESTOR TAX CREDITS, RESIDENT WITHHOLDING TAX, NON- RESIDENT WITHHOLDING TAX TOPIC 1: LOSSES [NZT 11.1] 2 Introduction ........................................................................................................................ 2 General [NZT 8.6.10] ......................................................................................................... 2 Rental losses ..................................................................................................................... 3 Company Losses [NZT 11.1-11.6; 14.2.3; MTG 16-140-16-220; 18-010-18-085; skip 18- 045] ......................................................................................................................... 3 Losses and Company Groups [NZT 11.5.3 – 11.5.4; MTG 18-050 to 18-085] ................. 4 TOPIC 2: IMPUTATION 4 Overview [NZT 14.4.1; MTG 17-010 - 17-015] .................................................................. 4 Main Features [NZT 14.4.2; MTG 17-020] ........................................................................ 5 Imputation Credit Account (ICA) [NZT 14.4.3-14.4.17; MTG 17-025 - 17-120] ................ 6 Credit Entries ss. OB 4 to OB 16 ITA 2007 ...................................................................... 7 Debits ss. OB 33 to OB 54 ITA 2007 ................................................................................ 7 Account Balance [NZT 14.4.16] ......................................................................................... 7 Allocation Rules [NZT 14.4.8; MTG 17-060 to 17-070] .................................................... 8 Transitional Provisions ....................................................................................................... 9 Benchmark Ratio [NZT 14.4.8] .......................................................................................... 9 Compliance Rules and Problems [NZT 14.3.24, 14.4.12-14.4.17; MTG 17-080 to 17- 120] ......................................................................................................................... 9 Bonus Share Issues [NZT 14.3.5, MTG 16-570] ............................................................. 10 TOPIC 3: FOREIGN DIVIDEND PAYMENTS (formerly Dividend Withholding Payments [NZT 17.6; MTG 26-145 to 26-168] 10 Unutilised Credits ............................................................................................................ 11 Foreign Investor Tax Credits [NZT 17.11.1 to 17.11.5] ................................................... 13 Operation of the foreign investor tax credit regime ..................................................... 13 TOPIC 4: RESIDENT WITHHOLDING TAX 14 Overview [NZT 13.6.1-13.6.3; MTG 15-010] ................................................................ 14 Rates [NZT 13.6.7; MTG paras 15-020 - 15-067] ........................................................... 14 Exempt items from RWT [NZT 13.6.3 & 13.6.5-6; MTG 15-080]
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This note was uploaded on 12/23/2009 for the course BCOM ACIS 254 taught by Professor Alistairhodson during the Spring '09 term at Canterbury.

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8.4 23%20%2024%20Losses%20Imputation%20Foreign%20dividend%20payments%202009final0

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