Investment Income Reporting (Export) and Other Information
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Monthly Processing

Generally, the following process should be followed to satisfy IIR obligations:

  1. Run the Investment Income Report from the Report Explorer, Deposit Reports, Investment Income Report.

    2. Select Entity and To Date, using the date the Tax Period is going to be closed.

  2. Review any exceptions the report identifies, and correct where possible.
  3. Close the Tax Period using the existing process, under Menu option Process, Close Tax Period.

    4. Once closed, you will be prompted to open the IIR Export wizard (step 4).

  4. Run the Investment Income Report Export process under the Process menu for the newly closed Tax Period.

    5. If there are any further exceptions encountered during the export, the User will be prompted to run the report again.

  5. The exported files should then be uploaded to IRD.

  • Tax Periods are linked to Entities; therefore, the above steps will need to be repeated for each Entity in the database.
  • Once a Tax Period is closed, Transactions can no longer be written to it. Instead, the transactions will be included in the next month's Tax Period.

File Export Process

A process is available in the "Process" menu, Investment Income Report Export which allows for the export of the three Withholding Tax types.
Files are named by Withholding Tax Type and Tax Period Id, e.g. NRWT_M.20190731.csv is the "Non-Resident Withholding Tax" file for Tax Period "M.20190731".

A Tax Period must be finalised before an Investment Income Report (IIR) file export is run.

Permission Keys

Permission Keys have been added to control the viewing, reporting, and exporting of the Investment Income Report and its data:

Useful Resources

Opting in for IIR

IRD have detailed a process to opt in to providing IIR information. This can be found on their website here:
https://www.ird.govt.nz/ and search for Investment Income Reporting.

Investment Income Reporting through file upload services

A feature to test IIR file uploads is available at the bottom of the page in the hyperlink listed below:
https://www.ird.govt.nz/digital-service-providers/services-catalogue/returns-and-information/investment-income-reporting/investment-income-reporting-file-upload-services
This website may change at any time and is outside of our control; if in doubt go to https://www.ird.govt.nz/ and search for the upload services.

Topic last updated on 10/06/2020 9:00AM Deposits.InvestmentIncomeReporting.OtherInformation