Investment income refers to interest, dividends, portfolio investment entity (PIE) income, taxable Māori authority distributions and royalties.
If you receive investment income, you may have resident or non-resident withholding tax deducted from it by your payer (bank or fund manager) before it's paid to you. If your business or organisation is a payer of investment income, you must send us information about who you pay. This helps us make sure people are paying the right amount of tax and receiving the correct entitlements.
Legislation passed in March 2018 included changes to how and when investment income is reported.
Most of these changes came into effect on 1 April 2020, while others applied earlier. If you pay or receive investment income, these changes may affect you.