You can now use the Caruso File Converter tool to easily create the prescribed Inland Revenue (IRD) reporting for IR854.
Note: By filling your IR854 "Investor Certificate PIE Return", the IRD Portal automatically generates the IR853 "Annual Reconciliation PIE Return" which is an aggregate view.
Supported Version | Caruso supports the latest File Upload Specification. Submissions reference version 0005 as specified for periods from 1 April 2020. |
Instructions:
Contact Caruso for a custom report detailing the relevant investor information required for PIE Fund Reporting.
On the File Converter section of the Admin App, select the IR854 / IR853 Converter
Upload - Upload the report to transform it into the required IRD format.
Note: The converter will filter for PIE funds and investing entities who earned a distribution during the reporting period. You can choose to include all PIE funds even if no distributions were paid during the reporting period.
Provide IRD numbers for PIE funds - This is required for the IRD submission and is not currently stored on Caruso.
Data preview - The converter gives you a preview of all imported data as well as a filtered view of the PIE investors who will be included in the IRD submission.
Note: the data is filtered on investing entities, in PIE funds who earned a distribution during the reporting period
Download - to generate the files which can be submitted directly to the IRD
Test File - IRD provides a file test facility.
Investment income reporting through our file upload service enables payers to send investment income information to us more frequently and with more detail on a specific reporting period. Investment income reporting through our myIR file upload service is available for the following withholding tax product types:
- Approved issuer levy (AIL)
- Dividend withholding tax (DWT)
- Interest pay as you earn (IPS)
- Non-resident withholding tax (NRT)
- Resident withholding tax (RWT)
- Portfolio investment entities (PIE) attributed income
https://www.ird.govt.nz/file-upload-investment-income
For more information on how your fund and investor data is mapped to the IRD's PIE Fund Reporting specification please contact Caruso.