NRWT (Non-resident withholding tax): NRWT payers
NRWT payers
Deducting NRWT (non-resident withholding tax)
If you're paying interest, dividends or royalties to people who aren't New Zealand tax residents, you'll need to deduct NRWT.
You can either complete the:
- Non-resident withholding tax payer registration online, or
- NRWT payer registration (IR380) form and send it to us.
The money that you deduct is paid to Inland Revenue by the 20th of the month following the payment.
At the end of each financial year
At the end of each financial year you must file a NRWT on interest, dividends and royalties reconciliation statement (IR67S), along with a New Zealand NWRT withholding certificate (IR67) by 31 May each year.
Find the country codes you'll need to record on this certificate
Find out how to file your RWT certificates electronically
You can find out how to complete the IR67S by:
- reading the NWRT reconciliation statement guide (IR67SG), or
- contacting the Non-resident Centre to ask for a copy.
Find out more
You can find more information for people who pay non-resident withholding income in the Non-resident withholding tax payer's guide (IR291).
| Note | |
|---|---|
| You must give the overseas address of customers with investments to banks or financial institutions so that they deduct the correct rate of tax from non-resident withholding income. | |
You can also find out more about changes to:
- domestic legislation in Taxation of outbound dividends, and
- some double tax agreements for dividends on our Policy Advice Division's website.
Date published: 01 Nov 2012
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