4.1 How to check if you are required to file FIF income in New Zealand
If you meet these conditions, then you are required to file FIF (See 2.4) income.
- You are an NZ tax resident (See 2.1), and
- You are investing in U.S. shares with a direct income interest of less than 10% (See 2.6), and
- The cost is more than NZ$50,000 (See 188.8.131.52), and
- You are not entitled to a 4-year temporary tax exemption (See 2.5)
If any of the above conditions are not met, you are not affected by the FIF rules but you may have other tax obligations relating to your investments.
Disclaimer: The content of this page is for educational purposes only. It is designed to help you understand the potential tax obligations that may apply to you when investing in financial products. Tiger Broker does not provide any advice, including tax advice, and is not responsible for providing any guidance, opinions, or suggestions about tax for you. If you have any questions about your personal circumstances and tax obligation, we suggest you contact your tax advisor directly for more information.