I have struck an issue with how IRD are treating PIE income from NZX listed PIEs for Tax Year 2019 2020 and Im wondering if other PIE holders who complete EOY individual tax returns using MYIR are also affected. I can't be the only investor affected by this issue.
The issue is that for some reason IRD are populating the dividends data in MyIR with PIE dividends despite these being exempt and treating them as NON pie dividends resulting in an increase in assessable dividend income. IRD are claiming currently there isn't a problem. They have never previously appeared. They are disclosed voluntarily should investors choose too.
I'm wondering if any other ST members holding listed company PIE investments have logged into their MyIR yet and checked if their non declarable PIE divs have also mysteriously appeared in 'Dividend income'.
Example PIE dividends affected are ARG, BRM, MLN.
Due to bulk data automation these days it must be affecting other PIE investors.