Income tax Dates
-
JAN 28AIM instalments are due if you file GST monthly and have a March balance date.
-
FEB 7End-of-year income tax and Working for Families bills are due, unless your tax agent has an extension of time to file your income tax return.
-
FEB 28Provisional tax payments are due if you have a March balance date and use the ratio option.
Companies can attach up to 28 cents of imputation credit to each $1 of gross dividend they pay their shareholders.
This is called the maximum imputation ratio. It makes sure that the imputation credits attached to a dividend are not higher than the tax the company paid on the profits the dividend came from.
The maximum imputation ratio is written using the format ‘28:72’. This shows that 28 cents of credit are attached to each 72 cents of profit.
This is the same as attaching 38.89 cents of imputation credit to each $1 share of net profit after tax.
For more information, check out our Imputation guide for New Zealand companies - IR274.
Last updated:
28 Apr 2021