Non-Resident Withholding Tax (NRWT)

If you’re a Kiwi tax resident and pay interest, royalties or dividends to a non New Zealand resident, the following will help explain New Zealand’s approved issuer levy (AIL) and non-resident withholding tax (NRWT) rules.

Approved issuer levy
If you pay interest to non New Zealand tax resident bank or lender, you must deduct a percentage of the payment and pay NRWT to IRD. Read more. You can normally expect to have to deduct 10 to 15%. However, you may be able to apply to IRD to pay NRWT at 0% and register for AIL instead, which requires a much smaller percentage. Read more

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