New Zealand Inland Revenue has announced changes in certain prescribed rates, including the use of money interest rate for underpayments and overpayments, the interest rate for employment-related loans, and the deemed rate of return for foreign investment fund income.
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Rates for UOMI, FBT interest on loans and DRR updated
16 June 2022
Orders in Council updating certain rates were recently made. The paying rates for use of money interest has changed. The new underpayment rate is 7.28…