If you calculated CFC or FIF income at Question 18 you may be required to complete an additional disclosure form for that investment.
For all interests of 10% or more in a foreign company, the additional disclosure is required.
For other investments, the requirement for an additional disclosure depends on the company you are preparing the Companies income tax return (IR4) for.
If the company isn’t widely held or a PIE, additional disclosure isn’t required if the investments are in countries New Zealand holds a double tax agreement with (as at 31 March 2019) and the fair dividend rate or comparative value has been used.
If the company is widely held or a PIE you are required to file an additional disclosure.
The disclosure forms are available at www.ird.govt.nz. Please call 0800 377 774 if you need help to find the appropriate disclosure form.
For information on foreign exchange rates, go to the Inland Revenue website (search keywords: overseas currencies).
Find out more about the base erosion profit shifting (BEPS) hybrid mismatch rules at www.ird.govt.nz (search keywords: hybrid mismatch).