Information you must report as a Māori authority when you pay taxable distributions that you have to withhold tax from.
Information you must report
If you make taxable distributions, you must send us the following information after each payment period:
- the name, IRD number and contact address of the authority
- the date the distribution is made
- the total amount of distributions made
- the total amount of tax withheld
- the total amount of Māori authority credits attached
- the Māori authority credit ratio.
Recipient information
The following information is required for each of the income recipients who received a distribution:
- their name
- their contact details - email, street address or mobile phone number
- the amount and type of income paid to them
- the tax withheld
- the date the tax was withheld
- the Māori authority credits attached, if any.
Information to report if you have it
If you have it, you need to provide the following information for each of the income recipients who received a distribution:
- IRD number
- date of birth.
Joint owners receiving distributions
You must provide the name of all joint owners. If you have it, you also need to provide the following information for any joint owners:
- IRD number
- date of birth
- their contact details - email, street address or mobile phone number.
How to report
Information must be provided electronically, unless you have an exemption.
Reports are due by the 20th of the month after the month you made the taxable distribution. You only need to report for the periods you made a distribution and withheld tax on that distribution.
Filing investment income electronically
Correcting errors in investment income reporting
When to deduct RWT
A Māori authority must deduct RWT in 2 situations.
- When it is either unable, or chooses not, to fully impute a taxable Māori authority distribution with Māori authority tax credits.
- When the authority does not have a member’s IRD number.
In 1 of these situations, the authority must deduct RWT when it pays the distribution. For RWT purposes 'pay' does not necessarily mean when the cash is finally paid to a member.
Payment dates
Pay for RWT purposes means to distribute to, credit to an account or deal with an amount of money in a member's interest, or for that member.
Whatever happens first fixes the payment date of that distribution.
For RWT purposes Māori authorities' distributions are generally paid when the authority resolves to make the distribution and then records the amount of the distribution that is payable to each individual member.
Need assistance
Our Kaitakawaenga Māori can provide one-to-one advice and information on your reporting requirements. You can ask for a visit from a Kaitakawaenga Māori.