Resident corporations and New Zealand branches of foreign corporations are generally required to withhold tax on payments of passive income. Rates on payments to non-residents under New Zealand's DTAs are set out in the table below.
Where a fully imputed dividend is paid to a corporate shareholder, there is no requirement to withhold resident withholding tax (RWT) or non-resident withholding tax (NRWT).
The supplementary dividend tax credit regime applies only to fully imputed dividends paid to shareholders holding less than 10% of the shares in the company and NRWT rates of at least 15%.
Last Reviewed - 13 February 2019