Controlled foreign companies (CFCs)
A CFC is a company that must first be foreign and controlled by New Zealand residents. New CFC rules will apply from the beginning of the 2010 income year for all entities with a balance date between 30 June and 30 September (inclusive) and the 2011 income year for all other entities.
How it works
- How controlled foreign company (CFC) income is taxed
- Making a controlled foreign company (CFC) disclosure
Date published: 07 Oct 2009