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If you pay dividends, interest or royalties to New Zealand residents, these are known as resident passive income. If you make payments that are resident passive income you'll need to:

Resident withholding tax exemptions

Some people or organisations may have a resident withholding tax exemption when:

  • income is exempt from tax, including resident withholding tax, under New Zealand tax law
  • income is exempt from tax because of any other New Zealand legislation
  • double tax agreements allow for an exemption from tax on certain types of income.

Do not deduct resident withholding tax from someone who gives you a current certificate of exemption. 

File a RWT or NRWT withholding certificate - IR15 or IR67