SR 2014/210
Issued
2014

FIF deemed rate of return set for 2013-14

2014 Order in Council sets the deemed rate of return for taxing foreign investment fund interests at 7.99% for the 2013-14 income year.

The deemed rate of return for taxing foreign investment fund interests is 7.99% for the 2013-14 income year, up from the previous year's rate of 6.91%.

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 interests. 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 June 2014.

Income Tax (Deemed Rate of Return on Attributing Interests in Foreign Investment Funds, 2013-14 Income Year) Order 2014 (SR 2014/210)