Section OE 21 — Income Tax Act 2007: BETA person’s refund of income tax

OE 21 BETA person’s refund of income tax Debit (1) A BETA person has a branch equivalent tax debit for an income year for the amount of a refund of income tax attributable to income tax paid for the income year on attributed CFC income derived during the income year. Table reference (2) The branch equivalent tax debit in subsection (1) is referred to in table O10: person’s branch equivalent tax debits, row 3 (refund of income tax). Debit date (3) The debit date is the day the refund is made. Defined in this Act: amount , attributed CFC income , BETA person , branch equivalent tax debit , income tax , income year , pay , Compare: 2004 No 35 s MF 13(3)(b)