NZ’s newest tax
From April 1, 2020, you’ll be hit with a whopping 45% "non-declaration rate" on interest and dividends if you fail to give the interest payer your IRD number.
The Inland Revenue Department (IRD, who collect taxes for the NZ government) has issued new guidance on resident withholding tax (RWT) for interest and dividends from bank accounts and investments. RWT is the type of tax you...
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