Notice Type
Departmental
Notice Title

Notice of Determination Regarding Type of Interest in a Foreign Investment Fund and Use of Fair Dividend Rate Method

  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 2014/03 was made on 15 December 2014 permitting 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 Harness Macro Currency Fund, for the 2014–2015 and subsequent income years.
  3. The determination will appear in Inland Revenue’s Tax Information Bulletin, Vol. 27, No. 1 of February 2015 and will also be available on the Inland Revenue website:
          www.ird.govt.nz

JOHN TREZISE, Investigations Manager, Investigations and Advice, Inland Revenue.