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Non-resident withholding tax (NRWT) Tāke mō ngā huamoni me ngā pānga ki tauiwi

Approved issuer levy

If you pay interest to a (non associated) non-resident lender, and want to pay it at a zero rate of NRWT (Non-resident withholding tax), you have to apply to Inland Revenue to become an approved issuer. Instead of deducting NRWT, approved issuers (or a person on their behalf) must pay a levy on the securities they register with Inland Revenue.

Approved issuer levy (AIL) glossary

Explains general terms words or phrases used for AIL.

General information about AIL and approved issuer status

Tells you how to become an approved issuer and what you'll need to do when filing your end of year tax returns.

Registering securities

Sets out the criteria and steps involved in registering securities.

Completing your return

Outlines what you need when completing your return..

Cancelling AIL

Explains what's required when cancelling AIL.

Zero rating interest on certain bonds

Outlines the requirements that need to be met for a zero levy rate to apply on certain bonds.