Non-resident withholding tax (NRWT) is a tax withheld from New Zealand payments of interest, dividends, and royalties to non-residents (foreign investors).
These kinds of payments are called non-resident passive income (NRPI).
If you're a foreign investor who gets non-resident passive income, then your tax will be paid to us by your New Zealand based payer.
If you make non-resident passive income payments to foreign investors, then you'll need to:
- register as a payer
- deduct NRWT from these payments
- send the deductions to us.
Make sure you understand your non-resident withholding tax (NRWT) deduction and reporting obligations.