Do I need to file a tax return for my Portfolio Investment Entity (PIE) income?
Last Updated: 24 May 2022
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 the ASB Mobile Banking app or FastNet Classic internet banking or by contacting us.
To check on the ASB Mobile Banking app:
- Log in and tap your Profile in the top right hand corner.
- When the Profile settings screen opens, tap Personal details.
- Scroll down and open up Tax details.
To check in FastNet Classic:
- Log In to FastNet Classic and select your Profile in the top right hand corner.
- Select Update Tax Details.
- You’ll see any tax details we have for you displayed here.
Find out more information about PIRs and if your PIR is recorded incorrectly, please let us know so we calculate the correct amount of tax for you next year.
- If the PIR information we held for you was incorrect in the current tax year, you may need to complete a tax return.
- If the PIR we held for you should have been a lower PIR and tax has been deducted at a higher PIR, then from the tax year ending 31 March 2021 the overpaid tax will be refunded by the IRD either as the result of the Inland Revenue’s year-end automated income assessment process, or through the completion of an income tax return.
- If the PIR we held for you should have been higher, the additional PIE tax will be calculated either as the result of the Inland Revenue’s year-end automated income assessment process, or through the completion of an income tax return.
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