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Tax Administration Act 1994

Information, record-keeping, and returns - Investment income information

25G: Information on dividends

You could also call this:

"Telling the tax office about dividend payments"

Illustration for Tax Administration Act 1994

You need to give the Commissioner information about dividends. You must do this in electronic form and by the 20th of the month after you pay the dividend. You can find out what information to give in schedule 6, table 1, rows 1 to 11, 14, and 16 to 22. You also need to follow a special rule for some dividends, which are described in section CD 1(3) of the Income Tax Act 2007. For these dividends, you treat the DRCD deferral date as the date you pay the dividend. This means you use the DRCD deferral date to work out when to give the Commissioner the information.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS336630.

Topics:
Money and consumer rights > Taxes
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"Telling the Commissioner about interest payments"

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Part 3Information, record-keeping, and returns
Investment income information

25GInformation on dividends

  1. A payer referred to in section 25E(1)(c) must deliver the investment income information for the payment of the dividend as set out in schedule 6, table 1, rows 1 to 11, 14, and 16 to 22, as applicable, to the Commissioner—

  2. in electronic form and by means of an electronic communication as prescribed by the Commissioner; and
    1. by the 20th of the month following the month in which the amount of investment income is paid to or derived by the payee.

      1. For the purposes of subsection (1) and a dividend described in section CD 1(3) of the Income Tax Act 2007, the payer must treat the DRCD deferral date as the date on which the amount of investment income is paid to or derived by the payee.

      Notes
      • Section 25G: inserted, on , by section 287 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).
      • Section 25G(1) heading: inserted (with effect on 30 August 2022), on , by section 171(1) of the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023 (2023 No 5).
      • Section 25G(2) heading: inserted (with effect on 30 August 2022), on , by section 171(2) of the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023 (2023 No 5).
      • Section 25G(2): inserted (with effect on 30 August 2022), on , by section 171(2) of the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023 (2023 No 5).