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Te whakapuaki huringa ōwehenga Declare a ratio change


The first dividend paid by a company in any imputation year is called the benchmark dividend. This sets the ratio between credits and dividends for the rest of the imputation year. If there are changes to the benchmark ratio of subsequent dividends, the IR407 must be completed.

Gather your information

You will need:

  • your company IRD number
  • disclosure details of benchmark dividend and dividend to be paid
  • signature of a witness who must be a Justice of the Peace, solicitor, authorised Inland Revenue office holder or any other person authorised to take a statutory declaration.

Fill in the IR407 and send it to us