Menu
You are here: Home > Resources > Tax Facts

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
  • Elect the tax rate at which this is to be deducted by them

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

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

Supplied by CCH Business Fitness NZ

What We Do

At Glendinnings Chartered Acccountants we aim to provide you with advice when your business needs it, not just when you ask for it.

READ MORE

Who we are

At Glendinnings Chartered Acccountants we are committed to forming close partnerships with our clients, enabling us to understand your unique situation and customise the assistance we provide to suit your requirements.

READ MORE

Resources

View our handy online tools and resources featuring key dates, tax facts, useful links and online calculators.

READ MORE

Meet The Team

Hugh Glendinning
Partner
FIND OUT MORE
Keith Wedlock
Partner
FIND OUT MORE
Wendy Wilson
Partner
FIND OUT MORE

Latest News | RSS

Latest News | RSS

Contact / Connect