Foreign investment fund deemed rate of return set for 2021-2022
The deemed rate of return for taxing foreign investment fund interests is 6.01% for the 2021-2022 income year, up from the previous year’s rate of 4.43%.
The deemed rate of return is set annually and is one of the methods that can be used to calculate income from foreign investment fund interest. The rate is based on taking an average of the five- year Government stock rate at the end of each quarter, to which a 4% margin is added.
The new rate was set by Order in Council on 23 May 2022.