Caruso's File Converter tool simplifies creating the prescribed Inland Revenue (IRD) reports for IR854.
Note: By submitting your IR854 "Investor Certificate PIE Return", the IRD Portal automatically generates the IR853 "Annual Reconciliation PIE Return", which provides an aggregate overview.
Supported Version
Caruso supports the latest File Upload Specification, version 0005, applicable for periods from 1 April 2020.
Reporting Period
The IR854 return is due annually by 15 May.
Instructions for Reporting
Request a custom report – Contact Caruso to receive a custom report detailing the relevant investor information required for PIE Fund Reporting.
Use the File Converter
Navigate to the File Converter section in the Admin App.
Select the IR854 / IR853 Converter.
Upload your report – Upload the custom report to transform it into the required IRD format.
Note: The converter filters for PIE funds and investing entities that earned a distribution during the reporting period. You can choose to include all PIE funds and all investing entities within them, even if no distributions were paid during the period.
Provide IRD numbers – Enter IRD numbers for PIE funds, which are required for submission but not currently stored in Caruso.
Preview data – Review the converter's preview of imported data and a filtered view of PIE investors included in the IRD submission.
Download submission files – Generate the files ready for direct submission to the IRD.
Test your file – Use the IRD's file test facility to validate your submission before final upload.
Supported Investment Income Reporting Types
Investment income reporting through the IRD's file upload service enables payers to send investment income information more frequently and with more detail for a specific reporting period. The 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
More details are available at IRD File Upload Investment Income.
For further information on how your fund and investor data maps to the IRD’s PIE Fund Reporting specification, or if you need help at any stage, please contact our Caruso Support team either by email or live chat.