On 26 June 2014, the New Zealand Minister of Revenue announced that the deemed rate of return for taxing foreign investment fund interests has been set at 7.99% for the 2006-07 income year. The rate is an increase from the 2012/13 income year rate of 6.91%.

The deemed rate of return is based on the average of the 5-year government stock rate plus a margin of 4%. Using the deemed rate is one of…