Withholding Tax on unfranked dividend for New Zealand resident

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Liz70
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Withholding Tax on unfranked dividend for New Zealand resident

Good Afternoon,

 

Could you kindly advise if there is a mechanism in the AE tax return to reduce withholding tax rate on an unfranked dividend from 30% to 15 %?

 

This is for a NZ resident in receipt of unfranked dividend who has not advised share registry of non-resident status.

 

Thank you.

Liz

 

 

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MYOB Moderator MattN
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Re: Withholding Tax on unfranked dividend for New Zealand resident

Hi @Liz70

 

Thanks for your post, and welcome the the MYOB Community Forum.  We hope you find it a valuable resource.

 

In order to apply a specifictax rate for unfranked dividends for non-residents, you can use the "For non-residents select the withholding tax tate" select list.

 

See the highlighted area, on the screen below :

 

dividend_rate.PNG

 

When you clock the select, you get a list of the rates you can apply.

 


cheers,

Matt
Product and Technical Specialist
Practice Solutions
MYOB Australia Pty Ltd
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