Non-resident withholding tax (NRWT): NRWT payers

NRWT payers

If you're paying interest, dividends or royalties to people who aren't New Zealand tax residents, you'll need to deduct non resident withholding tax (NRWT). Register online or fill in a Non-resident withholding tax payer registration form (IR380). 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 a Non-resident withholding tax reconciliation (IR67S), along with Non-resident withholding tax deduction certificates (IR67), must be filed. The reconciliation is due by 31 May each year. If you file your certificates electronically:

Go to our page 'RWT certificate filing options' for instructions

The Non-resident withholding tax reconciliation guide (IR67SG) tells you how to complete the IR67S. To get copies of these, contact the Non-resident Centre.

The Non-resident withholding tax payer's guide (IR291) provides all the information required for people who pay non-resident withholding income.

Note: For banks or financial institutions to deduct the correct rate of tax from non-resident withholding income, they must be given the overseas address of the customer who has the investment.

There have been some changes to domestic legislation and some double tax agreements for dividends.

For more information refer to the Taxation of outbound dividends and the Australia/New Zealand Double Tax Agreement.

Date published: 08 Mar 2012

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