Section OK 3 — Income Tax Act 2007: MACA payment of tax to other Maori authorities

OK 3 MACA payment of tax to other Maori authorities Credit (1) A Maori authority has a Maori authority credit for a payment of tax to another Maori authority that is treated as a payment transferred from company A to company B under section RC 32 (Wholly-owned groups of companies). Table reference (2) The Maori authority credit in subsection (1) is referred to in table O17: Maori authority credits, row 3 (payment of tax to another Maori authority). Credit date (3) The credit date is the day the tax is paid. Defined in this Act: Maori authority , Maori authority credit , pay , Compare: 2004 No 35 s MK 4(1)(b), (2)(a)