Article Details
Id:16998
Product:finPOWER Connect
Type:NEW
Version:3.03.02
Opened:12/05/2020
Closed:27/05/2020
Released:02/07/2020
Job: J024226

NZ IRD; Investment Income Report; IPS Export renamed and some validations removed

The Investment Income Report Export has been updated with the following:

  • "Pay as you Earn (IPS)" has been renamed to "Resident Withholding Tax on Interest (IPS)".
  • AIL, NRWT and IPS now allow negative values to be submitted within the export.
    • This includes total Interest and Withholding Tax.
    • Previously, negative values caused export validation errors.
  • Withholding Tax Rate validation:
    • Tax Rate must be between 0% and 100% for AIL and IPS. NRWT must be 0% or greater.