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COV 21/02
28 Apr 2021
28 Apr 2021
30 Sep 2021

Variation to section FN 7(5) of the Income Tax Act 2007

This COVID-19 variation changes the time from which a notice of election to imputation group has effect so that companies with debit balances in their imputation credit account as at 31 March 2020 can use credits in the imputation credit account of a company in the same wholly-owned group to reduce the debit balance.

Tax Information Bulletin Vol 33 No 5 - June 2021

Tax Administration Act 1994: ss 6H and 6I