What is NRWT?
Non Resident Withholding Tax (NRWT) is a tax deducted from interest paid to a customer who is not a tax resident of New Zealand. The NRWT rate that is used will depend on the customers' country of residence, but is usually either 10% or 15%.
The information provided is general information and not tax advice. Taxation legislation, its interpretation and the levels and basis of taxation may change. The application of taxation laws depends upon individual circumstances. If you have any questions as to your tax position you should obtain independent tax advice. The information is based on legislation current at 31 August 2020.