Foreign investment funds: time to ask questions of IRD
OPINION: Inland Revenue has taken a new stance on how foreign shares are taxed.
Mike Rudd said IRD's change of approach has come out of left field.
Mike Rudd Sun, 18 Dec 2022
Owners of foreign shares have received an early, but rather unwelcome, Christmas present this year.
On December 14, Inland Revenue released a draft 'Questions we’ve been asked' on Foreign investment funds (FIFs). If this guidance is approved, it would upend the way foreign shares are taxed –
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