$28,000
- Profit after tax
- $72,000
- Cash dividend
- $72,000
- Imputation credits
- $28,000
- Gross (taxable) dividend
- $100,000
- Further tax for the shareholder
- $5,000
- Shareholder keeps
- $67,000
- Retained in the company
- $0
- Most New Zealand companies pay 28% tax on taxable profit. A fully imputed dividend carries 28 cents of imputation credit for every 72 cents of dividend, so the shareholder is taxed on the gross dividend and credited with the company's tax.
- The company deducts resident withholding tax (RWT) of 33% of the gross dividend less the credits ($5,000) before paying it, unless the shareholder has an RWT exemption. RWT counts towards the shareholder's final tax.
- Assumes the company has enough imputation credits to fully impute the dividend, and leaves out provisional tax timing, losses and look-through companies.
Company tax: $28,000 at 28% on $100,000 profit
Show the breakdown
| Line | Amount |
|---|---|
| Taxable profit | $100,000 |
| Company tax (28%) | −$28,000 |
| Profit after tax | $72,000 |
| Cash dividend | $72,000 |
| Imputation credits (28/72)Tax already paid by the company | $28,000 |
| Shareholder tax at 33% on $100,000, less credits | −$5,000 |
| Shareholder keeps | $67,000 |
- Shareholder keeps$67,00067%
- Company tax$28,00028%
- Shareholder tax$5,0005%
Calculator by CalcBloc · rates from official sources, checked 2026-10-17.