Menu
  allanfell@xtra.co.nz      09 298 8705

Tax facts - Resident Withholding Tax (RWT)

Resident Withholding Tax (RWT) is a tax deducted on interest earned from investments and bank accounts.  The investment organisation or bank deducts this tax when they credit interest to you.

Companies may also deduct withholding tax from dividends paid to shareholders.

If you receive interest as income you need to:

  • Provide the interest payer with your IRD number, and
  • Advise the tax rate they should use when they deduct this tax

The RWT tax rate used will vary for individuals and different types of business entity.

For more information on RWT and how this tax applies to interest and dividends refer to the IRD website

Supplied by CCH Business Fitness NZ

Services

We specialise in giving expert advice to family businesses including contractors, farmers, retailers and clients with investment properties.

View our services

Newsletters

Keep up to date with latest news and views and be informed on the issues concerning your business by subscribing to our newsletters.

Subscribe now

Resources

We offer a range of free, easy to use online resources including calculators, links to useful websites and key financial dates.

View our resources

Contact Us

If you have an enquiry or would like to book an appointment, please feel free to get in touch with us. We're more than happy to help out.

Contact us