Individual income tax return guide 2011 - Inland Revenue Department
Individual income tax return guide 2011 - Inland Revenue Department
Individual income tax return guide 2011 - Inland Revenue Department
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28<br />
IR 3 INDIVIDUAL RETURN GUIDE<br />
Australian dividends from non-FIF companies<br />
If you received Australian dividends, your dividend statements may show<br />
all or some of the following:<br />
––<br />
the franked/unfranked amount<br />
––<br />
Australian withholding <strong>tax</strong><br />
––<br />
imputed credit or franking credits<br />
––<br />
New Zealand imputation credits.<br />
Add up the amounts of Australian withholding <strong>tax</strong> deducted and print<br />
the total in Box 17A. Dividends paid by Australian companies may have<br />
a New Zealand imputation credit.<br />
To calculate the gross dividend, add together the franked and unfranked<br />
amounts, along with the New Zealand imputation credits and print<br />
the total in Box 17B. Don’t include any Australian imputed or franking<br />
credits. Claim New Zealand imputation credits in Box 14.<br />
Overseas pensions<br />
If you received an overseas social security pension, convert the amount<br />
into New Zealand dollars. Print the total in Box 17B.<br />
For more information read our <strong>guide</strong> Overseas social security pensions<br />
(IR 258).<br />
You may also have received other types of overseas pensions, such as<br />
qualifying foreign private annuities or foreign investment funds. For more<br />
information, please read the note about foreign rights disclosure on page<br />
57, and our <strong>guide</strong> Overseas private pensions (IR 257).<br />
To claim an overseas <strong>tax</strong> credit you must supply proof of the <strong>tax</strong><br />
deducted, eg, an overseas <strong>tax</strong> deduction certificate. If you need one,<br />
you’ll have to request it from the overseas government agency concerned.<br />
Staple a copy of the certificate to the top of page 3 of your <strong>return</strong>.<br />
Specified dividends<br />
If you received dividends from an overseas company through an agent<br />
or trustee, who has deducted RWT in New Zealand, show the <strong>tax</strong> credits<br />
and overseas <strong>income</strong> in Boxes 17A and 17B. Show New Zealand RWT<br />
deducted in Box 14A.<br />
Staple a copy of the dividend statement to the top of page 3 of your <strong>return</strong>.<br />
Note<br />
If you’ve shown a <strong>tax</strong> credit and there is no <strong>income</strong> in the associated<br />
panel, you’ll need to include a note in your <strong>return</strong> setting out the details.
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