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Delays to response times: It is taking longer than usual to answer calls and myIR messages, and to process some COVID-19 Support Payment applications. This is because of the impact of COVID-19. If possible, please contact us through your myIR account. Log in to myIR

Budget 2022: The Government has announced Budget 2022, which includes changes to child support payments. Find out more on our Tax Policy website

Budget 2022: The Government has announced a Cost of Living Payment, which will be paid from 1 August 2022. You do not need to apply for this payment. If you are eligible, we’ll pay it into your bank account. Find out more

If Māori authorities choose to add credits to distributions, they will need to calculate their credit ratio. The first distribution with this ratio will set the amount of attachable credits for future payments.

Work out your net profit

Subtract provisional tax of 17.5% from your Māori authority profit.

The amount left is the net profit available for distribution.

Calculate the ratio

Divide your chosen credit amount by the available distribution.

The amount left is the base ratio of credits to distributions.

Apply this ratio to future distributions

You can complete a Ratio change declaration - IR407 to change your base ratio.

Declare a ratio change

My responsibilities

The maximum credit ratio you can use is 17.5:82.5.

This means up to $17.50 of Māori authority credits can be attached to every $82.50 of dividends.

Last updated: 07 Jan 2021
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