New Zealand Tax Agency Posts Guidance on Foreign Investment Fund Rules

The New Zealand Inland Revenue Dec. 2, 2021, posted online Guidance No. IR461 on foreign investment fund rules. Topics covered include: 1) the definitions of foreign investment funds (FIF), direct income interest, and superannuation interest; 2) Australian listed share exemptions; 3) the $50,000 (US$35,045) threshold exemption for individuals or trustees with an attributing interest in a FIF; 4) the calculation of FIF income; 5) foreign tax credits under a DTA; and 6) disclosure requirements for interests in foreign companies or FIFs, with exemptions. [New Zealand, Inland Revenue, 12/02/21]

Reference:
View Guidance No. IR461. View Index.