Approved issuer levy
Approved issuer levy guide IR395
(published April 2010)
About this guide
This guide explains how to pay interest to overseas lenders without having to deduct non-resident withholding tax (NRWT).
Adobe Acrobat PDF | 170kb | 22 pages
When to use this guide
If you pay interest to a non-resident lender, and want to pay it at a zero rate of non-resident withholding tax (NRWT), you have to apply to Inland Revenue to become an approved issuer.
Instead of deducting NRWT, approved issuers (or a person on their behalf) must pay a levy on the securities they register with Inland Revenue.
What you will need