Question 41A Income tax paid
Include in Box 41A all payments of income tax and provisional tax made from 1 April 2018 to 31 March 2019 for 1989 and subsequent income years.
Don’t include any FBT, ESCT, interest on tax, late payment penalties, imputation penalty tax or RWT.
Question 41B FDP paid
The FDP rules have been fully repealed from 1 April 2017.
Don’t include an amount at 41B.
Question 41C RWT on interest received
If the company received interest with RWT deducted between 1 April 2018 and 31 March 2019, print the total RWT in Box 41C.
Question 41D Imputation credits attached to dividends received
If the company received dividends with imputation credits attached between 1 April 2018 and 31 March 2019, print the total credits in Box 41D.
This is the total imputation credits attached to dividends received. This amount is not limited to the tax payable on your dividends and is not necessarily the same amount as the imputation credits being claimed in Box 14.
Question 41E Other credits
List any other credits made to the ICA from 1 April 2018 to 31 March 2019. Use a separate sheet of paper if necessary. Attach it to the top of page 3 and print the total in Box 41E.
Other types of credits include:
RWT on dividends received
provisional tax allocated to the company by a company in the same wholly-owned group that has overpaid its provisional tax.
residential land withholding tax (RLWT) credit deducted from the sale or transfer of residential land located in New Zealand during the income year, less any RLWT paid back to the company and/or transferred to outstanding amounts during the income year.
Supplementary available subscribed capital account (SASCA)
If you’re a public unit trust or a group investment fund that maintains a SASCA and you’re eligible to transfer credits from that account to the ICA, record the credits being transferred to the ICA in Box 41E (other credits).
All public unit trusts or group investment funds maintaining a SASCA should, by the due date for filing the 2019 IR4 or IR4J, send a copy of that memorandum account together with any written queries to:
PO Box 2871
For more information on negative dividends and the SASCA rules, see the Tax Information Bulletin (TIB) Vol 14, No 11 (November 2002).
Qualifying company election tax (QCET) payments
Include any QCET payments made after 17 May 2007 as a credit in the ICA when working out the balance. Use the account balance in the formula, when calculating the imputation credit to be attached to a dividend paid by the qualifying company.
See the Tax Information Bulletins (TIBs) Vol 11, No 5 (May/June 1999) and Vol 20, No 3, page 127 (April 2008).