On 23 June 2003 the New Zealand Government introduced the Taxation Bill which includes changes to the double taxation that can arise on certain trans-Tasman investments.
If you are a New Zealand or Australian company or business, or a New Zealand shareholder wishing to do business across the Tasman, this section outlines your tax obligations.
Find information on how Australian companies may elect to pass on credit for any New Zealand tax paid to their New Zealand shareholders.
If you are a New Zealand company, use this section to find information on electing to maintain an Australian franking account, imputation grouping and the necessary forms you will need.
Find out how the 2012 reduction of company income tax rate (CTR) from 30% to 28% affects trans-Tasman imputation.
Find information on the rules for allocating imputation credits to dividends, streaming and trading, and change of shareholder continuity.
Find information on assessments and disputes, penalties and interest, transactions recorded in the imputation credit account (ICA) and the significance of the ICA closing balance.