From the press room

Hon Peter Dunne: Deemed rate of return down – 2009-10-22 11:32:34.504

The deemed rate of return for taxing foreign investment fund interests has been set at 9.18% for the 2008-09 income year, down from 10.87% for the previous year, Revenue Minister Peter Dunne announced today.

“The deemed rate of return, which is set annually, is one of the methods that can be used to calculate income from foreign investment fund interests, though it is used less frequently than other methods ” Mr Dunne said.

“The rate is based on an average of five-year government stock to which a four percent margin is added, he said.

The new rate was set by Order in Council.


Ends

Mark Stewart | Press Secretary | Office of Hon Peter Dunne
Cell +64 21 243 6985

Discuss in the Forum

ALSO IN THE SPOTLIGHT
Hon Peter Dunne's Keynote Address to ALAC Working Together Conference 2010

Telstra Events Centre, Manukau
9.40am, Thursday, 6 May 2010

Key points:

  • “… while many people drink without harming themselves or others, the misuse of alcohol by some results in considerable health, social and economic costs”.
  • “…the Government’s focus...

Read More