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Inland Revenue

Tax Policy

PUBLISHED 16 November 2015

2014-15 deemed rate of return set

The deemed rate of return for taxing foreign investment fund (FIF) interests has been set at 7.71% % for the 2014–15 income year, a decrease from 7.99% for the previous income year. The rate was set by Order in Council last week. The deemed rate is set annually and is one of the methods that can be used to calculate income from FIF interests. The rate is based on an average of the five-year Government bond interest rate at the end of each quarter, plus a 4% margin.