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Ngā kaiutu tāke kainoho-tāwāhi o Aotearoa whai huamoni me ngā moni tohatoha mai i ngā kaute pēke me ngā haumitanga o Aotearoa Non-resident taxpayers with interest and dividends from New Zealand bank accounts and investments

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Non-resident taxpayers pay tax on interest, royalties and dividends from New Zealand bank accounts and other investments. This is called Non-Resident Withholding Tax (NRWT).

Your payer (bank or fund manager) deducts tax from your interest or dividend payment before they pay you.

How much tax do I pay?

The amount you pay depends on your home country and the type of investment.

  • For dividends and unit trust distributions, tax rates depend on the double tax agreement (DTA) between New Zealand and your home country.
  • For bank accounts and term deposits, the tax you pay depends on the DTA or whether the investment is taxed under NRWT or an Approved Issuer Levy (AIL).