Imputation Credit Account workpaper (ICA)

How the ICA workpaper is populated from Imputation Credits, ITD and DWT Summary data, and which sections require manual entry.

The Imputation Credit Account (ICA) workpaper tracks the company's imputation credits for the year, including credits earned through tax payments and credits used when dividends are paid. It consolidates data from multiple IRD sources and other workpapers.

Data extraction

Auto-populated sections

  • Opening Balance: Auto-picked from the Imputation Credits document uploaded under Data Sources (IRD).
  • Provisional Tax Payments: Auto-picked from the Taxation Due (ITD) workpaper.
  • Resident Withholding Tax (RWT): Auto-picked from the Taxation Due (ITD) workpaper. Any other RWT must be entered manually.
  • Imputation Credit (Dividends): Auto-picked from the Taxation Due (ITD) workpaper.
  • Imputation Credit Attached to Dividend Paid: Auto-picked from the Dividend Withholding Tax (DWT) Summary Report document uploaded under Data Sources (IRD).

Manual entry sections

  • Terminal Tax Payments
  • Other Credits (if any)
  • Refunds
  • Other Debits (if any)

Related workpapers

  • Taxation Due (ITD): Provides Provisional Tax Payments, RWT, and Imputation Credit (Dividends).
  • ICA to Retained Earnings Reconciliation (IRE): Pulls the Actual ICA balance from this workpaper.

How to access

  1. Go to Jobs and open the relevant job.
  2. Click the Workpapers Icon or navigate to Results then Workpapers.
  3. Select ICA on the Workpapers Dashboard.