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PUB00401: Foreign exchange rates

This approval approves sources for foreign exchange rates that may be used by any person who is required to convert a foreign currency amount into its New Zealand Dollar (NZD) equivalent for the purposes of determining their tax liability, unless the Act requires otherwise. It also approves the use of mid-month, end of month and rolling average rates. In addition, this approval explains how the relevant exchange rate should be used to convert foreign currency amounts to their NZD equivalent.

Comment deadline: 11 October 2021