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Queen Elizabeth II Memorial Day, Monday 26 September Our phone lines and offices are closed, but you can still get in touch with us. Find out more

Delays to response times: It's taking longer than usual to answer calls and myIR messages, including for unclaimed money. You may be able to use self-service options in myIR. You can also find information on our website by typing in what you want to do in the search bar. Thank you for your understanding. Log in to myIR

Changes to the myIR login screen are coming You will not be able to use myIR between 1pm Saturday 8 October and 8am Monday 10 October. This is so we can update our external authentication system. From Monday 10 October the myIR login page will have a new look and feel, but the login process will not change.

If you're paying more than $5,000 a year in interest, you must register as a resident withholding tax (RWT) payer. You'll need to do this when:

  • you pay the interest as part of a taxable activity, for example as a trade, profession, business, or as a non-profit body or local authority
  • we've issued you a certificate of exemption from resident withholding tax 
  • you're a non-resident carrying on a taxable activity in New Zealand through a fixed establishment.

We automatically register all companies as dividend RWT payers.

When you pay interest over the $5,000 threshold

You do not have to account for RWT on interest paid under $5,000 over the year. Once you're registered you need to account for RWT tax on all interest you pay. However, you do not need to account for any RWT on the interest you paid before reaching the $5,000 threshold.

Registering when you have a certificate of exemption

Banks, building societies and trustee companies who have a certificate of exemption from RWT must register as resident withholding taxpayers. It does not matter how much resident passive income they pay in a year.

If you're an individual holding a certificate of exemption and your income is (or is estimated to be) more than $2 million for any year you must register as a payer if you pay out any resident passive income.

Last updated: 29 Jun 2021
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