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).