How imputation credits work

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Benchmark dividend The first dividend your company pays each tax year sets the credit to dividend ratio you must use for the rest of the year.
Maximum imputation ratio Companies can attach up to 28 cents of imputation credit to each $1 of gross dividend they pay their shareholders.
Imputation credit accounts Companies use an imputation credit account (ICA) to keep track of how much tax they've paid and how much tax they’ve passed on to shareholders or had refunded to them.
Declare a ratio change
Use the IR407 for changes to the benchmark ratio of subsequent dividends.
Common mistakes in memorandum accounts Getting imputation returns right means you have enough imputation credits on hand to refund income tax and confirm further income tax (FIT) liabilities when the imputation credit account (ICA) is in debit.
File an Annual imputation return - IR4J
How to file an Annual imputation return - IR4J.
File an interim imputation return - IR4J You can file an interim imputation return at any time during the tax year.

He pēhea ngā hua hīkaro uara e mahi ai How imputation credits work