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North Island flooding | Many of you have been affected by the flooding in the North Island and may need help keeping up with your tax obligations. Find out more

An approved issuer is someone who pays interest at a zero rate of non-resident withholding tax (NRWT).

Instead of deducting NRWT they pay a levy on the securities they register with us.

Tax summary

Approved issuers need to pay a levy of 2% on the interest of each registered security. They can claim a deduction of the 2% in their New Zealand income tax return if the interest that has been paid is tax deductible.


 

 
Last updated: 14 Sep 2020
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