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Tax Administration Act 1994

Information, record-keeping, and returns - Statements, notices, and certificates

29: Shareholder dividend statement to be provided by company

You could also call this:

"Companies must give you a statement when they pay you a dividend, showing details like the amount paid and tax withheld."

Illustration for Tax Administration Act 1994

When a company pays you a dividend, it must give you a statement. This statement shows details like the company's name and the amount of dividend paid. The company must give you this statement at the time of payment or within a certain time frame. The statement must include information like the date of payment and your name and address. It must also show the amount of tax withheld and any imputation credit. An imputation credit is a type of tax credit that a company can pass on to you. If you are moving overseas, the company may have to give you the statement within three months of your emigration. The company can deliver the statement to you or someone authorised to act on your behalf. You can find more information about how a company pays dividends in section CD 1(3) of the Income Tax Act 2007. An Australian company must use the term "New Zealand imputation credit" when describing imputation credits in the statement. The company must follow the rules set out in section FL 2 of the Income Tax Act 2007 when paying dividends to shareholders who are emigrating.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM350771.

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Part 3Information, record-keeping, and returns
Statements, notices, and certificates

29Shareholder dividend statement to be provided by company

  1. A company that pays to a shareholder a dividend (not being a dividend treated as interest) from which RWT has been withheld, or a dividend with an imputation credit, must give to the shareholder a shareholder dividend statement in a form approved by the Commissioner, showing—

  2. the name of the company:
    1. the date of payment of the dividend:
      1. the name and address of the shareholder to whom the dividend is paid:
        1. the amount of RWT withheld, if any:
          1. the amount of NRWT withheld, if any:
            1. the amount of the dividend paid to the shareholder:
              1. the amount of any imputation credit attached to that dividend:
                1. the aggregate of the amount of the dividend and the amount of any imputation credit attached to that dividend:
                      1. the amount, if any, of the dividend paid to a retirement savings scheme as a retirement scheme contribution for the shareholder:
                        1. the name of the retirement savings scheme to which any retirement scheme contribution was paid:
                          1. the amount, if any, of imputation credit used to satisfy a liability of the company for RSCT:
                            1. the amount, if any, of imputation credit remaining after the company has used an imputation credit in satisfying a liability for RSCT:
                              1. such other information as may be required by the Commissioner.

                                1. An Australian ICA company must use, in a shareholder dividend statement, the term “New Zealand imputation credit” to describe the quantity referred to in subsection (1)(g).

                                2. The company must give the shareholder dividend statement to the shareholder—

                                3. at the time of payment of the dividend, if neither of paragraphs (b) and (c) applies; or
                                  1. before the date that is 3 months after the time of emigration, if the company is treated under section FL 2 of the Income Tax Act 2007 as paying the dividend; or
                                    1. before the date that is 3 months after the earliest of the events described in section FL 3(1)(a) to (c) of that Act occurs, if the company is treated under that section as paying the dividend.

                                      1. For the purposes of this section, a shareholder dividend statement is treated as given to a shareholder if it is delivered in a way described in section 14F(4) to—

                                      2. the shareholder; or
                                        1. a person authorised to act on behalf of the shareholder.

                                          1. For the purposes of this section, a company that pays to a shareholder a dividend described in section CD 1(3) of the Income Tax Act 2007 is treated as paying the dividend on the DRCD deferral date.

                                          Compare
                                          • 1976 No 65 s 394I
                                          Notes
                                          • Section 29(1): amended, on , by section 307(1) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
                                          • Section 29(1): amended, on (effective for 2008–09 income year and later income years, unless the context requires otherwise), by section ZA 2 of the Income Tax Act 2007 (2007 No 97).
                                          • Section 29(1): amended, on (applying for income years corresponding to 2005–06 and subsequent tax years), by section 213(1) of the Taxation (Depreciation, Payment Dates Alignment, FBT, and Miscellaneous Provisions) Act 2006 (2006 No 3).
                                          • Section 29(1)(d): replaced, on (effective for 2008–09 income year and later income years, unless the context requires otherwise), by section ZA 2 of the Income Tax Act 2007 (2007 No 97).
                                          • Section 29(1)(e): replaced, on (effective for 2008–09 income year and later income years, unless the context requires otherwise), by section ZA 2 of the Income Tax Act 2007 (2007 No 97).
                                          • Section 29(1)(i): repealed, on , by section 307(2) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
                                          • Section 29(1)(ia): repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 141(2) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
                                          • Section 29(1)(ib): inserted (with effect on 1 April 2007), on , by section 193(1) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
                                          • Section 29(1)(ic): inserted (with effect on 1 April 2007), on , by section 193(1) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
                                          • Section 29(1)(id): inserted (with effect on 1 April 2007), on , by section 193(1) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
                                          • Section 29(1)(id): amended, on , by section 193(2) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
                                          • Section 29(1)(ie): inserted (with effect on 1 April 2007), on , by section 193(1) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
                                          • Section 29(1)(ie): amended, on , by section 193(3) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
                                          • Section 29(1B): inserted (with effect on 1 April 2003), on , by section 106 of the Taxation (GST, Trans-Tasman Imputation and Miscellaneous Provisions) Act 2003 (2003 No 122).
                                          • Section 29(1B): amended, on (effective for 2008–09 income year and later income years, unless the context requires otherwise), by section ZA 2 of the Income Tax Act 2007 (2007 No 97).
                                          • Section 29(1C): replaced (with effect on 30 August 2022), on , by section 173(1) of the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023 (2023 No 5).
                                          • Section 29(2): replaced, on , by section 98 of the Taxation (Transformation: First Phase Simplification and Other Measures) Act 2016 (2016 No 27).
                                          • Section 29(3): inserted (with effect on 30 August 2022), on , by section 173(2) of the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023 (2023 No 5).