Section LA 8 — Income Tax Act 2007: Remaining refundable credits: non-resident withholding tax

LA 8 Remaining refundable credits: non-resident withholding tax What this section applies to (1) This section applies to a person’s tax credit remaining for a tax year under section LA 5(5) , if it is a tax credit under section LB 5 (Tax credits for non-resident withholding tax). Use of credits (2) The Commissioner must— (a) first, treat the tax credit as tax paid in excess and as transferable under Part 10B of the Tax Administration Act 1994: (b) second, refund the tax credit under sections RB 4 , RM 2 to RM 8 , and RM 10 (which relate to refunds and their use), as applicable. Defined in this Act: Commissioner , non-resident withholding tax , tax credit , tax year , Compare: 2004 No 35 ss LD 2 , MD 1