NZTaxTools

RWT

Resident Withholding Tax — tax deducted from interest and dividends.

Resident Withholding Tax (RWT) is tax deducted at source from interest and dividend income paid to NZ residents. Banks and other payers deduct RWT before paying interest to account holders. The rate varies based on your income tax rate. RWT-deducted income is included in your annual tax return.

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