Imputation

I made a deposit into the TMNZ tax pool. When do imputation credits arise?

I made a deposit into the TMNZ tax pool. When do imputation credits arise? 150 150 Support

Where income tax is deposited into the TMNZ tax pool, imputation credits will arise in the imputation credit account on the date of the deposit (section OB 5 of the Income Tax Act 2007).

read more

I made a deposit into the TMNZ tax pool. When do imputation credits arise?

I made a deposit into the TMNZ tax pool. When do imputation credits arise? 150 150 Support

Where income tax is deposited into the TMNZ tax pool, imputation credits will arise in the imputation credit account on the date of the deposit (section OB 5 of the Income Tax Act 2007).

read more

I have a Flexitax (Tax Purchase) arrangement with TMNZ. When do imputation credits arise in my imputation credit account?

I have a Flexitax (Tax Purchase) arrangement with TMNZ. When do imputation credits arise in my imputation credit account? 150 150 Support

Where income tax is purchased from TMNZ, imputation credits will arise on the provisional tax date on which the tax was purchased – but can only be included in the respective imputation credit account when TMNZ transfers the tax from its tax pool account to the taxpayer’s IRD account (section OB 6 and RP 19…

read more

When do imputation credits arise if I have financed a provisional tax payment?

When do imputation credits arise if I have financed a provisional tax payment? 150 150 Support

Tax Finance operates in a similar way to a Flexitax® transaction. When a taxpayer has Tax Finance arrangement in place for an upcoming provisional tax date, there is no imputation credit recognition until TMNZ transfers the tax (post settlement) from the TMNZ tax pool to the taxpayer’s IRD account. Click here for an example.

read more

I’m selling/getting a refund of tax deposited into the TMNZ tax pool account. How is the debit to my imputation credit account applied?

I’m selling/getting a refund of tax deposited into the TMNZ tax pool account. How is the debit to my imputation credit account applied? 150 150 Support

The sale or refund of tax from a tax pooling account will have a retrospective impact on a company’s ICA. It is important that you are aware of the ICA balance at the preceding 31 March. For income tax that is sold or refunded, the date of the debit to your ICA account will be:…

read more

Join one of our upcoming training sessions

Contact Us

Tel:
0800 829 888

Address:
Level 2 AMP Centre, 29 Customs St West, Auckland

All Rights Reserved ® TMNZ 2021