Curtis McLean

Archives

Archive for August, 2008

New Company Tax Rate and Dividends

Monday, August 11th, 2008

Previously most companies would not have needed to deduct resident withholding tax (RWT) from dividends paid as the company paid tax at 33% and attached imputation credits to dividends at 33%.
From the start of the 2008/09 income year, the income tax rate for companies was lowered from 33% to 30%. Unfortunately the rate of tax [...]