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Inland Revenue

Tax Policy

Information release
Published 1 July 2022

Cabinet paper LEG-22-SUB-0085: Income Tax (Deemed Rate of Return on Attributing Interests in Foreign Investment Funds, 2021-22 Income Year) Order 2022

Information release for the Income Tax (Deemed Rate of Return on Attributing Interests in Foreign Investment Funds, 2021–22 Income Year) Order 2021. The Order sets the deemed rate of return at 6.01 per cent for attributing interests in foreign investment funds for the 2021–22 income year.

Documents in this information release
  1. IR2022/186 – Tax policy report: Income Tax (Deemed Rate of Return on Attributing Interests in Foreign Investment Funds, 2021-22 Income Year) Order 2022 (13 April 2022) (4 pages; PDF 138KB; DOCX 64 KB)
  2. LEG-22-SUB-0085 – Cabinet paper: Income Tax (Deemed Rate of Return on Attributing Interests in Foreign Investment Funds, 2021-22 Income Year) Order 2022 (19 May 2022) (4 pages; PDF 112KB; DOCX 35KB)
  3. LEG-22-MIN-0085 – Minute:  Income Tax (Deemed Rate of Return on Attributing Interests in Foreign Investment Funds, 2021-22 Income Year) Order 2022 (19 May 2022) (1 page; PDF 201KB; DOCX 74KB)
Additional information

The Cabinet paper was considered by the Cabinet Legislation Committee on 19 May 2022 and confirmed by Cabinet on 23 May 2022.

One attachment to the Cabinet paper is not included in this information release as it is publicly available:

- Income Tax (Deemed Rate of Return on Attributing Interests in Foreign Investment Funds, 2021-22 Income Year) Order 2022