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Inland Revenue
Inland Revenue
Inland Revenue

Tax Policy

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Special report on the new rules for taxing controlled foreign companies and foreign dividends

Application date

The new rules apply for all income years beginning on or after 1 July 2009.

Example 1

Company A has a 30 April balance date. For its income year of 1 May 2009 to 30 April 2010 it will continue to apply the previous international tax rules. From its income year beginning 1 May 2010 it will apply the new international tax rules.

Example 2

Company B has a 30 June balance date. From its income year beginning 1 July 2009 it will apply the new international tax rules.

Example 3

Company C has a 30 November balance date. From its income year beginning 1 December 2009 it will apply the new international tax rules.