If a partnership has portfolio investment entity (PIE) investments, each partner must pay tax on their share of the PIE income.
If a partnership invests with a multi-rate PIE, the investment is split so that each partner must give the PIE their own IRD number and prescribed investor rate (PIR).
If you do not provide the multi-rate PIE with your PIR, the default rate of 28% will be used.
Partnership prescribed investor rates
The following PIRs apply to partners in partnerships:
| Partner | Prescribed investor rate |
|---|---|
| Resident individuals | 10.5%, 17.5%, 28% |
| Trustees | 0%, 10.5%, 17.5%, 28% |
| Non-residents | 28% |
Last updated:
21 Feb 2025