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Resident withholding tax (RWT)
Te take tangohanga mo te kirirarau
Resident withholding tax (RWT) is a tax deducted from investment income before the investor receives it. This means that the investor will not have to pay a lump sum at the end of the year, and those who do not declare the investment income, are still taxed.
About resident withholding tax

Resident withholding tax (RWT) is deducted from investment income before the investor receives it. Generally, resident passive income (formerly withholding income) is interest paid on money lent, interest earned on investments and savings and dividends paid on company shares.

Deducting RWT from dividends

A shareholder may receive dividends with RWT deducted. Learn how tax is levied on dividends, and how recent legislation affects the tax payable on dividends.

Deducting RWT from interest

If you are a person or organisation who pays interest, learn about your responsibilities for registering as a RWT payer, making deductions, and the information you should supply to the people you pay interest to.

Receiving interest & dividends with RWT deducted

A business may receive interest with resident withholding tax deducted, receive dividends with tax credits attached or pay interest from which tax needs to be deducted. Learn how income is levied on interest and dividends.

Reissued resident withholding tax (RWT) certificates

Every three months we produce a list of IRD numbers for reissued Resident withholding tax (RWT) exemption certificates.

Cancelled resident withholding tax (RWT) certificates

Every three months we produce a list of IRD numbers for cancelled Resident withholding tax (RWT) exemption certificates.

 

 


Date published: 11 Nov 2004

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