Statute
Section DR 3 — Income Tax Act 2007: Life reinsurance outside New Zealand
Text of the provision Official document
DR 3 Life reinsurance outside New Zealand No deduction A life insurer is denied a deduction for life reinsurance premiums they incur if the relevant life reinsurance policy,–– (a) was not offered in New Zealand: (b) was not entered into in New Zealand. Defined in this Act: amount , deduction , general permission , income year , life insurer , life reinsurance , life reinsurance policy , New Zealand Section DR 3: substituted, on 1 July 2010, by section 94(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Official source: legislation.govt.nz
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