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Ratio change declaration (IR407)

Imputation and/or dividend withholding payment

(published October 2012)

About this form

Use this form when the imputation ratio and/or dividend withholding payment ratio of a subsequent dividend differs from that of the benchmark dividend.

PDF | 64kb | 2 pages

This form can be completed on-screen by typing content directly into the PDF document. Once you have completed the form it is important that you print it out as you will not be able to save the information you enter into the form.

When to use this form

The first dividend paid by a company in any imputation year is called the benchmark dividend. This sets the ratio between credits and dividends for the rest of the imputation year. If there are changes to the benchmark ratio of subsequent dividends, the IR407 must be completed.

The IR407 must be completed by an authorised officer of the company for which the imputation ratio and/or dividend withholding payment ratio of a subsequent dividend differs from that of the benchmark dividend. The subsequent dividend must not be paid as part of an arrangement to obtain a tax advantage.

What you will need

IRD number - if you do not have this contact us.
Disclosure details of benchmark dividend and dividend to be paid
Signature of Witness, must be one of the following:

  • solicitor
  • Justice of the Peace
  • authorised Inland Revenue office holder
  • any other person authorised to take a statutory declaration.
After you finish

Send your completed form to one of the addresses listed at the end of the first page of the form.

List of postal addresses for Inland Revenue >