Deemed rate of return set
Thursday, June 6th 2024, 3:57PM
IRD has set the deemed rate of return for attributing interest on foreign investment funds at 8.63% for the 2023-24 income year.
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 calculated by taking an average of the five-year Government bond rate at the end of each quarter, plus a margin of four percent.
The deemed rate of return for taxing interests in foreign investment funds is 8.63% for the 2023–24 income year, an increase of 0.48% from the previous income year. The new rate came into force on J6, une 2024.
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