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
Our Services
Portfolio Managment
If you choose to implement an investment plan with VIP Financial Services we will first take into account your individual objectives and personal risk
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Portfolio Managment
If you choose to implement an investment plan with VIP Financial Services we will first take into account your individual objectives and personal risk
Read more
Client Resources
Click the links below to view our handy online tools and resources.
Click the links below to view our handy online tools and resources.
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