Section OB 16 — Income Tax Act 2007: ICA attribution for personal services

OB 16 ICA attribution for personal services Credit (1) An ICA company that is not a qualifying company has an imputation credit for an amount equal to 38.89% of the personal services attribution under section GB 29 (Attribution rule: calculation). Table reference (2) The imputation credit in subsection (1) is referred to in table O1: imputation credits, row 14 (attribution for personal services). Credit date (3) The credit date is the last day of the tax year for which the attribution is made. Defined in this Act: amount , ICA company , imputation credit , imputation credit account , qualifying company , tax year , Compare: 2004 No 35 s ME 4(1)(ab), (2)(ab) Section OB 16(1): amended, on 1 April 2011, by section 96 of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109). Section OB 16(1): amended, on 1 April 2008, by section 496 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).