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As part of our latest release of changes in early April, banks were asked to remove and add some account types.

The account types removed include:

  • imputation credit account (ICA) and Māori authority credit account (MAC) which now form part of income tax
  • fringe benefit income year (FBI) and fringe benefit annual (FBA) which now form part of FBT.

The account types added include:

  • income equalisation (EQU)
  • employment information (EMP)
  • unclaimed monies (UCM)
  • Research and Development Tax Incentive (RDI).

All banks have now made these changes.