1. This is a notice made under section 91AAO(5) of the
Tax Administration Act 1994 of a determination made by the Commissioner of Inland Revenue under section 91AAO(1) of that Act.
2. Determination FDR 2014/02 was made on 11 March 2014 allowing certain portfolio investment entity funds managed by New Zealand Funds Management Limited to use the fair dividend rate method to calculate foreign investment fund income from Civic Capital Currency Offshore Fund Limited for the 2014 and subsequent income years.
3. The determination will appear in Inland Revenue's Tax Information Bulletin, Vol. 26, No. 4, of May 2014 and will also be available on the Inland Revenue website at
www.ird.govt.nz
JOHN TREZISE, Investigations Manager, Investigations and Advice, Inland Revenue.