Sublime anz

I R4 is the companies tax return. 1    Question 12 in  IR4 is about income from schedular payments 2 .  A summary of Schedular Payments, if received by the company  will be send by IRD 3 .  Tax deducted from schedular payments made to close companies can be transferred directly(attributed) to the companies shareholders-employees in some circumstances 3 .  There is a specific anti-avoidance rule, called the attribution rule 4 ,  that prevents an individual avoiding the top personal rate for income from personal services by diverting income to an associated entity 5 .   1. https://www.ird.govt.nz/income-tax/income-tax-for-businesses-and-organisations/income-tax-for-companies/file-a-companies-income-tax-return-ir4 2. https://www.ird.govt.nz/-/media/project/ir/home/documents/forms-and-guides/ir1---ir99/ir4/ir4-2022.pdf 3.  https://www.ird.govt.nz/-/media/project/ir/home/documents/forms-and-guides/ir1---ir99/ir4gu/ir4gu-2022.pdf 4. https://w...

Payments made to contractors for certain activities are called schedular payments 1 . Schedular payment means a payment of a class set out in schedule 4 of the Income Tax Act 2007. Section RD 8  deals with  Scheduler payments. 2 Tax is needed to be deducted from scheduler payments 1 . Page three of the Tax rate notification for contractors (IR330C) form has a list of schedular payment activities. 3 Contractors can be an individual, partnership, trust or company and they can be resident or non resident tax payers. 1 Self-employment includes contracting, working as a sole trader and small business owners 4 . 1. https://www.ird.govt.nz/income-tax/withholding-taxes/schedular-payments 2. https://www.legislation.govt.nz/act/public/2007/0097/latest/DLM1519955.html#DLM1519955 3. https://www.ird.govt.nz/-/media/project/ir/home/documents/forms-and-guides/ir300---ir399/ir330c/ir330c-2019.pdf 4. https://www.ird.govt.nz/roles/self-employed