Section OB 15 — Income Tax Act 2007: ICA payment of tax on joining wholly-owned group

OB 15 ICA payment of tax on joining wholly-owned group Credit (1) An ICA company has an imputation credit for a payment of imputation additional tax for which it is liable under section OB 72 , excluding an excess tax payment applied under section OB 72(9) . Table reference (2) The imputation credit in subsection (1) is referred to in table O1: imputation credits, row 13 (payment of tax on joining wholly-owned group). Credit date (3) The credit date is the day the imputation additional tax is paid to the Commissioner. Defined in this Act: amount , Commissioner , excess tax payment , ICA company , imputation additional tax , imputation credit , pay , Compare: 2004 No 35 s ME 4(1)(cd), (2)(bd)