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WHAT IS ANNUAL INVESTMENT INCOME REPORT (AIIR)? HOW CAN ONE LODGE AN AIIR?

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24
May

Annual Investment Income Report (AIIR)
An Annual Investment Income Report (AIIR) is such a report which investment bodies are required to lodge if them meet any of the following criteria:  

  • If the aggregate total of income paid or credited to the venture is $1 or more and the aggregate number of ventures recognised by the investment body throughout the year is at least 10;
  •  A sum has been withheld from an investment because an Australian business number (ABN), tax file number (TFN) or exemption was not cited, or where non-resident withholding has happened;
  • A venture is a farm management deposit.

Lodging the Annual Investment Income Report (AIIR)
You can lodge your Annual Investment Income Report (AIIR) through ATO online tax return portals. Your lodgement choices rely upon the extent of your investment body which incorporates: 

  • Investment bodies with their own software: Investment bodies build up their own software, in-house or use a third-party business software provider for utilising their services to gather information, documents and lodging the record in the online portal. This method can be used by Investment bodies with more than 1,000 investments to report, and managed funds and farm management deposit suppliers.
  • Investment bodies with fewer than 1,000 investments
    If an investment body has less than 1,000 investment to report, then the investment body can utilise personal computer based spreadsheet or database programming to gather the data. In addition to that, you can also lodge your file through the mail facility in the online ATO portals.

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