Call Account IRD Filing for Dividend Setups
Purpose
Specific setups are required for the IRD Dividend Filing to work
Timing
These setups must be in place before any transactions are posted on a Call Account
Account Type Setups
Access
- Accounts | Edit/View Account Types |
the Call Account Account Type |
Dialog
Setups
Dividend Calculation
| Input | Value |
| Use Dividend Calculation | Check on |
| Dividend Calculation Method | Daily Interest |
Transaction Type Setup - Interest Charged Tran Type Current/Interest Paid Tran Type Current
| Input | Value |
| Code | IDP |
| Description | Investor Dividend Paid |
| Module | Call Savings |
| Post To | Current |
| Input Method | Control |
| Post Interest/Dividend | Paid |
| Year End Tax Reporting | Dividend |
| Ignore Last Day Rule | Checked Off |
Transaction Type Setup - Withhold Tax
| Input | Value |
Code | WHTD |
Description | Withholding Tax Deducted |
Module | Call Savings |
| Post To | Current |
Input Method | Control |
Post Interest/Dividend | None |
Year End Tax Reporting | Dividend Tax |
Ignore Last Day Rule | Checked Off |
Transaction Type Setup - Supplementary Dividend
| Input | Value |
| Code | SUPDC |
| Description | Supplementary Dividend |
| Module | Call Savings |
| Post To | Current |
| Input Method | Control |
| Post Interest/Dividend | None |
| Year End Tax Reporting | None |
| Ignore Last Day Rule | Checked Off |
Transaction Type Setup - Withholding Tax Deducted
| Input | Value |
| Code | NRWTC |
| Description | Non-Resident Withholding Tax |
| Module | Call Savings |
| Post To | Current |
| Input Method | Control |
| Post Interest/Dividend | None |
| Year End Tax Reporting | Dividend Tax |
| Ignore Last Day Rule | Checked Off |
Transaction Type Setup - Imputation Credit
| Input | Value |
| Code | IMPCR |
| Description | Imputation Credit |
| Module | Call Savings |
| Post To | Current |
| Input Method | Control |
| Post Interest/Dividend | None |
| Year End Tax Reporting | None |
| Ignore Last Day Rule | Checked On |
Tax Rate Setup - Imputation Credit Tax Rate
| Input | Value |
| Code | IC |
| Description | Imputation Credits |
| Resident | Check off |
| Rate | Enter the Imputation Credit Rate i.e 28 |
| Approved Issuer Levy | Check off |
| PIE Rate | Check off |
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