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PIEs for non-resident investors

A portfolio investment entity (PIE) is a type of entity, such as a managed fund, that invests the contributions from investors in different types of investments. PIEs came into existence on 1 October 2007.

Two types of PIEs are directed at non-resident investors. These are:

  • the foreign investment zero-rate PIE, and
  • the foreign investment variable rate PIE.

These PIEs allow non-residents who are "notified foreign investors" to be taxed at either 0% for foreign investment zero-rate PIEs or the appropriate variable rate for foreign investment variable rate PIEs. Non-residents who are not notified foreign investors are taxed at 28%.

Notified foreign investors must provide us with certain information.

Find out more about notified foreign investors