thechecklistprovidesagenerallistofmajorissuesthatshould.docVIP

The checklist provides a general list of major issues that should be addressed. (The checklist is not designed to be an exhaustive list of all issues that may warrant consideration) COMPANY NAME IRD TAX ASSESSMENTS AND IRD RULINGS YES NO N/A Have copies of all assessments / loss determinations been obtained? Have any opinions or IRD rulings on tax issues been relied on in previous years? If yes, please provide details below. Comments: GROUPING YES NO N/A Is the company part of a tax group (66% or more shareholder commonality)?If yes, please provide the group structure chart. Has there been any shareholding change in the company or any members of the group during the year? If yes, please provide details of the shareholding change below. Comments: RELATED PARTY TRANSACTIONS YES NO N/A Have all on-going and one-off related party transactions been on an arm’s length basis (don’t forget transactions for which no charge was made)? If no, please provide details. Are there any loans to or from related parties (don’t forget trade accounts with related parties which may be considered a loan due to its terms)? If the above was yes, has interest been charged on these loans at a market rate? Please provide details of the various loans below. Please confirm that all related party transactions are disclosed in the financial statements. Comments: PRIOR YEAR INFORMATION YES NO N/A Please provide the following information in regards to the previous income year: tax return, tax calculation, imputation return (including dividend withholding payments and branch equivalent tax accounts), CFC/FIF returns and disclosures filed, income tax assessments and loss determinations issued by Inland Revenue. Comments: INCOME YES NO N/A DIVIDENDS Have you received any New Zealand sourced dividends with imputation credits attached? Have all New Zealand sourced dividends been reviewed to determine whether or not they are ass