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Ngā tauākī kaihaumi hinonga kohinga haumi Portfolio investment entity investor statements

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Multi-rate PIEs (MRPs) need to issue investor statements. The statements show the income or loss and tax credits attributed to the investor for the year.

If the MRP is a superannuation fund or retirement savings scheme, such as KiwiSaver, and its balance date is between 1 October and 31 March, the annual investor statements need to be sent by 30 June. Other MRPs with late balance dates need to send annual investor statements by 31 May.

MRPs with other balance dates need to send annual investor statements by the end of the two months after their income year ends.

MRPs that zero-rate exiting investors need to issue the statement by the end of the month following the end of the quarter the investor left.

What's included for all PIEs

Investor name

 

Investor IRD number

 

PIE balance date

 

PIR as at year-end

 

Incorrect PIR use

If you used a PIR lower than your correct rate you need to include this income and any tax paid in your income tax return.

Taxable income/loss

This is after deducting investor expenses less credits for fees.

Investor expenses less credits

The gross deduction (expenses – credits for fees).

Gross tax payable/creditable

For investors that had a rate greater than 0% applied.

Tax credits used

For investors that had a rate greater than 0% applied.

Net tax paid – credited

For investors that had a rate greater than 0% applied. The result of ‘gross tax paid/credit’ less ‘tax credits used’.

The investor interest adjustment for the net tax has been made by ...

This will advise the investor how the return adjustment required has been made. The wording for this field should clearly identify the tax adjustment details. For example by one of the following:

  • issuing/cancellation of units 
  • payment included in/deducted from dividend(s)
  • adjustment of the investor’s cash account
  • other type – provide details.

 

Included for investors that had more than one PIR applied during the year:

Lower rate details

Lower rate information when more than one rate applied for the year. Repeat all above fields showing the lower rates details.

Zero-rated exitor payment

Details of a PIE paying left-over units or interest from an exited investor as tax. So, the investor can claim a credit.

 

Included for investors that have had the zero-rate applied:

Foreign tax credits

Attributed for the zero-rated period

Other tax credits

Attributed for the zero-rated period

Imputation credits

Attributed for the zero-rated period

Resident withholding tax credits

Attributed for the zero-rated period