There are changes to the PIE Tax annual assessment process.
Inland Revenue has announced that from the 2021 tax year, investors will need to include PIE income/loss in all end of year individual tax resident automatic income tax assessments or income tax returns (IR3 tax returns).
All resident individuals will receive a PIR calculation on their annual income tax return and may claim a credit for overpaid tax on PIE income.
Read more on IRD’s end of year pie calculation