Do I need to file a tax return for my Portfolio Investment Entity (PIR) income?

Last Updated: 22 Jul 2016

If your Prescribed Investor Rate (PIR) was recorded correctly for the year, the correct amount of Portfolio Investment Entity (PIE) tax will be paid to Inland Revenue on your behalf and you don’t need to do anything further. 

You can check the PIR we have recorded for you using FastNet Classic internet banking or by contacting us. You can work out your correct PIR here. If your PIR is recorded incorrectly, please let us know so we calculate the correct amount of tax for you next year.

If you are on a higher PIR but should have been on a lower PIR, you will not be able to claim back any extra tax you have paid. If you were on a lower PIR than you should have been, you will need to include your PIE income in your tax return and pay tax on this income at your personal tax rate.

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