Section OB 30 — Income Tax Act 2007: ICA payment of dividend

OB 30 ICA payment of dividend Debit (1) An ICA company has an imputation debit for the amount of an imputation credit attached to a dividend paid by the company. Table reference (2) The imputation debit in subsection (1) is referred to in table O2: imputation debits, row 2 (payment of dividend). Debit date (3) The debit date is the day the dividend is paid. Arrangement for dividend from another company (4) Section GB 37 (Arrangements for payment of dividend by other companies) may apply to treat an amount as a debit under this section. Defined in this Act: amount , dividend , ICA company , imputation credit , imputation debit , pay , Compare: 2004 No 35 s ME 5(1)(a), (2)(a)