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Queen Elizabeth II Memorial Day, Monday 26 September Our phone lines and offices are closed, but you can still get in touch with us. Find out more

Delays to response times: It's taking longer than usual to answer calls and myIR messages, including for unclaimed money. You may be able to use self-service options in myIR. You can also find information on our website by typing in what you want to do in the search bar. Thank you for your understanding. Log in to myIR

Changes to the myIR login screen are coming You will not be able to use myIR between 1pm Saturday 8 October and 8am Monday 10 October. This is so we can update our external authentication system. From Monday 10 October the myIR login page will have a new look and feel, but the login process will not change.

To become, and remain, a look-through company (LTC), a company must meet the following criteria for the whole of each income year:

  • It must be a company but cannot be a flat owning company.
  • It must be a New Zealand tax resident and not treated as a non resident under any double tax agreement.
  • Its owners must have only look-through interests.
  • It must have 5 or fewer look-through counted owners, who must be either natural persons or trustees (including corporate trustees). Related shareholders can be counted as a single owner. An ordinary company cannot hold shares in a look-through company, but a look-through company can hold shares in another look-through company.
  • None of its owners can be tax charities or a Māori authorities, unless the tax charity or Māori authority are grandparented.
  • If foreign owners own more than 50% of the interests in the look-through company,  the look-through company must not earn more than $10,000 or 20% of its gross income for the year from overseas (whichever is greater).

If a look-through company does not meet these criteria it automatically stops being a look-through company.

To find out more about who can become a look-through company, check out our guide.

Last updated: 07 Jan 2021
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