Article Details
Id:17599
Product:finPOWER Connect
Type:NEW
Version:3.03.04
Opened:12/05/2020
Closed:11/11/2020
Released:02/12/2020
Job: J024223

NZ Investment Income Report; Support for Resident Withholding Tax on Dividends (RWTD) added

The Investment Income Report Export has been updated to allow for the export of Resident Withholding Tax on Dividends (RWTD) files.

The option to export / report on these Withholding Tax types is only available if the following Account Type configuration is set:

  • Account Type -> Interest Options -> Interest is from Dividends?

If checked, all Accounts within the Account Type which would have been reported as IPS will now be RWTD.

Note: The new Account Type configuration item is only available on Deposit Account Types.