Section OB 8 — Income Tax Act 2007: ICA resident withholding tax withheld

OB 8 ICA resident withholding tax withheld Credit (1) An ICA company has an imputation credit for resident withholding tax (RWT) that is treated under section RA 9(1)(b) (Treatment of amounts withheld as received) as derived by the company other than as policyholder base income. Table reference (2) The imputation credit in subsection (1) is referred to in table O1: imputation credits, row 6 (amount of tax withheld for resident passive income). Credit date (3) The credit date is the day the amount of tax is withheld. Defined in this Act: amount , amount of tax , ICA company , imputation credit , policyholder base income , resident passive income , resident withholding tax , RWT Compare: 2004 No 35 s ME 4(1)(i), (2)(g) Section OB 8(1): amended, on 1 July 2010, by section 382(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section OB 8 list of defined terms policyholder base income : inserted, on 1 July 2010, by section 382(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).