If I invest in a PIE, but live overseas, do I get taxed twice - ie with NRWT?

[keylime]

Hello,

I'm trying to take some control of my own investment decisions as I want to learn how to do it, and to avoid paying an advisor. I'm interested in index funds, those available through Smartshares (through ASB). However, I do not live in NZ, and am subject to NRWT. I've read that the PIE funds deduct tax at 28%(or 33%?), but then I am also liable for NRWT.

Can someone give some clarity on this? Is anyone in a similar position?

Thanks,

KL

[777]

Start here

http://www.ird.govt.nz/toii/pie/non-res/income/pie-investors-non-res-income.html


leads you to here


http://www.ird.govt.nz/industry-guidelines/pie/being/notified/

[keylime]

Thanks for the tips. If I was going to be a Notified Foreign Investor, would I notify Smartshares? Sorry, beginner at this.

[777]

You could ask them what they require and then ask them how to go about it.