If the cost price of your overseas investments (investment cost) is above $50,000 NZD at any point during the New Zealand tax year (1 April to 31 March) you’ll fall under the Foreign Investment Funds (FIF) tax rules. After the end of every tax year, you’ll be able to order a Hatch FIF Report that calculates your FIF income.
You can find this in the tax reports section in Hatch.
Your FIF report shows the income you’ve received from your overseas investments with Hatch during the tax year (i.e your FIF income). Because your individual tax rate is determined by other income that Hatch doesn’t know about (e.g. your salary), we can’t calculate your tax for you. But knowing your FIF income makes tax time simpler.
If you’re unsure about what you need to do at tax time, you should speak to a tax professional. You can also read more about who needs to file a tax return on the IRD website.