Income Tax (Deemed Rate of Return on Attributing Interests in Foreign Investment Funds, 2024–25 Income Year) Order 2025
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Income Tax (Deemed Rate of Return on Attributing Interests in Foreign Investment Funds, 2024–25 Income Year) Order 2025
Cindy Kiro, Governor-General
Order in Council
At Wellington this 21st day of July 2025
Present:
Her Excellency the Governor-General in Council
This order is made under section EX 55 of the Income Tax Act 2007 on the advice and with the consent of the Executive Council.
Order
1 Title
This order is the Income Tax (Deemed Rate of Return on Attributing Interests in Foreign Investment Funds, 2024–25 Income Year) Order 2025.
2 Commencement
This order comes into force on 25 July 2025.
3 Deemed rate of return on attributing interests in foreign investment funds for 2024–25 income year
The deemed rate of return applying for the 2024–25 income year for the purposes of section EX 55(4)(b) and (6)(c) of the Income Tax Act 2007 is 8.04%.
Rachel Hayward,
Clerk of the Executive Council.
Explanatory note
This note is not part of the order but is intended to indicate its general effect.
This order sets the deemed rate of return used to calculate foreign investment fund income for the 2024–25 income year under the deemed rate of return calculation method set out in section EX 55 of the Income Tax Act 2007.
The order sets the deemed rate of return for the 2024–25 income year at 8.04%. The deemed rate of return set for the 2023–24 income year was 8.63%.
Date of notification in Gazette: 24 July 2025.
This order is administered by the Inland Revenue Department.
Versions
Income Tax (Deemed Rate of Return on Attributing Interests in Foreign Investment Funds, 2024–25 Income Year) Order 2025
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