If your business or organisation is a payer of investment income, you must send us information about who you pay. This helps us make sure people are paying the right amount of tax, and receiving the correct entitlements.
The reporting requirements for investment income are changing. Payers of investment income can keep using the existing rules until 1 April 2020. All businesses and organisations will need to follow the new rules from that date.
Businesses and organisations that are registering for the first time may want to follow the new rules immediately to save having to change systems and processes on 1 April 2020.
You will need to register as a payer of investment income through myIR. Once you are registered you will need to elect into the new investment income regime.