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Non-resident withholding tax (NRWT) is deducted from non-resident withholding income paid to non-residents.Non-resident withholding income is interest, dividends and royalties.

Non-resident withholding tax(NRWT) rates and country codes

IR 290September 2004

NRWT is deducted at the following rates: interest (15%) , dividends (30%) , royalties (15%)

Use these rates if the country isnt on the chart below, the country of residence is not known or the non-resident is itinerant.

These rates are reduced when the person lives in a country with which New Zealand has a double tax agreement (DTA).

For more information about NRWT, read our Non-resident withholding tax payers guide (IR 291) . You can get a copy from our websiteat www.ird.govt.nz or phone INFOexpress on 0800 257 773. You can also contact us at the Non-resident Centre, Inland Revenue,Private Bag 1932, Dunedin, phone 03 467 7020, fax 03 467 7083, or email nonres@ird.govt.nzSome DTAs can be viewed at www.taxpolicy.ird.govt.nz under International Issues.

f This means the percentage is the final liability. As long as the income has the correct NRWT deducted at source and it is the recipients only incomereceived from New Zealand, they do not need to file a New Zealand tax return.

min This means the rate shown is a minimum rate of tax. The net income (after deducting expenses) must be included in the non-residents tax return,along with all other income from New Zealand. Credit is allowed for the NRWT deducted.

max The tax on the income cannot exceed the rate shown.

+ This reduces to 15% if fully imputed, fully dividend withholding payment credited or fully conduit tax-relief credited.

Country of Interest or Interest paid to Dividends Royalties Copyrightresidence associated persons (cultural) royalties

Australia 10% f 10% max 15% f 10% max 10% fBelgium 10% f 10% max 15% f 10% max 10% fCanada 15% f 15% max 15% f 15% max 15% fChina 10% f 10% max 15% f 10% max 10% fDenmark 10% f 10% max 15% f 10% max 10% fFiji 10% f 15% min 15% f 15% max 15% fFinland 10% f 10% max 15% f 10% max 10% fFrance 10% f 10% max 15% f 10% max 10% fGermany 10% f 10% max 15% f 10% max 10% fIndia 10% f 10% max 15% f 10% max 10% fIndonesia 10% f 10% max 15% f 15% max 15% fIreland 10% f 10% max 15% f 10% max 10% fItaly 10% f 10% max 15% f 10% max 10% fJapan 15% f 15% min 15% f 15% min 15% fKorea, Republic of 10% f 10% max 15% f 10% max 10% fMalaysia 15% f 15% min 15% f 15% max 15% fNetherlands 10% f 10% max 15% f 10% max 10% fNorway 10% f 10% max 15% f 10% max 10% fPhilippines 15% f 15% max 15% (companies) , 25% (others) 15% max 15% fRussian Federation 10% f 10% max 15% f 10% max 10% fSingapore 15% f 15% min 15% f 15% max 15% fSouth Africa 10 %f 10 %max 15% f 10% max 10% fSweden 10% f 10% max 15% f 10% max 10% fSwitzerland 10% f 10% max 15% f 10% max 10% fTaiwan 10% f 10% max 15% f 10% max 10% fThailand (refer to DTA) 10 or 15% f 15% max 15% f 10 or 15% max 10% fUnited Arab Emirates 10% f 10% max 15% f 10% max 10% f

United Kingdom * 10% f 10% max 15% f 10% max 10% fUnited States 10% f 10% max 15% f 10% max 10% fOther countries 15% f 15% min 30% f+ 15% min 15% f

Associated persons are: relatives to the fourth degree of relationship a partnership and any person related to the fourth degree to any partner, or any company and any person holding 25% or more of its paid-up capital.

Exception: For interest covered by DTAs with Fiji, Malaysia and Singapore, the definition of associated persons is limited to controlof one party by another. This control can be direct or indirect and can be any kind of control.

* Does not include the Isle of Man or the Channel Islands. Use the rates for Other countries.

Non-resident withholding tax rates for double tax agreement countriesThe percentages are the rates of NRWT deductible from the gross income (no expenses can be deducted).The rates shown are subject to change because the negotiation of new DTAs and the amendment of existing agreements isan ongoing process.

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These codes are not offical ISO codes, but are for Inland Revenue recording purposes.# This includes Metropolitan France.* Does not include the Isle of Man or the Channel Islands. These direct dependencies of the British Crown have their own tax administrations.

Afghanistan ........................ AFAlbania ............................... ALAlgeria ................................ DZAmerican Samoa ............... ASAndorra .............................. ADAngola ................................ AOAnguilla .............................. AIAntarctica ........................... AQ

Antigua and Barbuda ......... AGArgentina ........................... ARArmenia ............................. AMAruba ................................. AWAustralia ............................. AUAustria ................................ ATAzerbaijan .......................... AZBahamas ............................ BSBahrain .............................. BHBangladesh ........................ BDBarbados ........................... BBBelarus ............................... BYBelgium .............................. BEBelize ................................. BZ

Benin .................................. BJBermuda ............................ BMBhutan ............................... BTBolivia ................................ BOBosnia and

Herzegovina ................... BABotswana ........................... BWBouvet Island ..................... BVBrazil .................................. BRBritish Indian Ocean

Territory .......................... IOBrunei Darussalam ............ BNBulgaria .............................. BGBurkina Faso ...................... BF

Burundi .............................. BICambodia .......................... KHCameroon .......................... CMCanada .............................. CACape Verde ........................ CVCayman Islands ................. KYCentral African

Republic ......................... CFChad .................................. TDChannel Islands ................. ICChile ................................... CLChina ................................. CNChristmas Island ................ CXCocos (Keeling)

Islands ............................ CCColombia ............................ COComoros ............................ KMCongo ................................ CGCook Islands ...................... CKCosta Rica ......................... CRCte dIvoire ....................... CICroatia ............................... HRCuba .................................. CUCyprus ............................... CYCzech Republic .................. CZDenmark ............................ DKDjibouti ............................... DJDominica ............................ DM

Dominican Republic ........... DOEast Timor .......................... TP

Ecuador ............................. ECEgypt .................................. EGEl Salvador ........................ SVEquatorial Guinea .............. GQEritrea ................................ EREstonia ............................... EEEthiopia .............................. ETFalkland Islands

(Malvinas) ....................... FKFaroe Islands ..................... FOFiji ...................................... FJFinland ............................... FIFrance # .............................. FRFrench Guiana ................... GFFrench Polynesia ............... PFFrench Southern

Territories ....................... TFGabon ................................ GAGambia .............................. GMGeorgia .............................. GEGermany ............................ DEGhana ................................ GH

Gibraltar ............................. GIGreece ............................... GRGreenland .......................... GLGrenada ............................. GDGuadeloupe ....................... GPGuam ................................. GUGuatemala ......................... GTGuinea ............................... GNGuinea-Bissau ................... GWGuyana .............................. GYHaiti.................................... HTHeard Island and

McDonald Islands ........... HMHoly See

(Vatican City State) ....... VAHonduras ........................... HNHong Kong ......................... HKHungary ............................. HUIceland ............................... ISIndia ................................... INIndonesia ........................... IDIran, Islamic Republic of .... IRIraq ..................................... IQIreland ................................ IEIsle of Man ......................... IMIsrael .................................. ILItaly .................................... ITJamaica ............................. JM

Japan ................................. JPJordan ................................ JOKazakstan .......................... KZKenya ................................. KEKiribati ................................ KIKorea, Democratic

Peoples Republic of ...... KPKorea, Republic of ............. KRKuwait ................................ KWKyrgyzstan ......................... KGLao, Peoples Democratic

Republic of ..................... LALatvia ................................. LVLebanon ............................. LB

Lesotho .............................. LSLiberia ................................ LR

Libyan Arab Jamahiriya ..... LYLiechtenstein ..................... LILithuania ............................ LTLuxembourg ....................... LUMacau ................................ MOMacedonia ... ...................... MKMadagascar ....................... MGMalawi ................................ MW

Malaysia ............................. MYMaldives ............................. MVMali .................................... MLMalta .................................. MTMarshall Islands ................. MHMartinique .......................... MQMauritania .......................... MRMauritius ............................ MUMayotte .............................. YTMexico ............................... MXMicronesia, Federated

States of ......................... FMMoldova, Republic of ......... MDMonaco .............................. MC

Mongolia ............................ MNMontserrat .......................... MSMorocco ............................. MAMozambique ...................... MZMyanmar ............................ MMNamibia .............................. NANauru ................................. NRNepal ................................. NPNetherlands ....................... NLNetherlands Antilles ........... ANNew Caledonia .................. NCNew Zealand ...................... NZNicaragua .......................... NINiger .................................. NE

Nigeria ............................... NGNiue ................................... NUNorfolk Island ..................... NFNorthern Mariana

Islands ............................ MPNorway ............................... NOOman ................................. OMPakistan ............................. PKPalau .................................. PWPanama ............................. PAPapua New Guinea ........... PGParaguay ........................... PYPeru ................................... PEPhilippines ......................... PH

Pitcairn ............................... PNPoland ................................ PLPortugal ............................. PTPuerto Rico ........................ PRQatar .................................. QARunion ............................. RERomania ............................ RORussian Federation ........... RURwanda .............................. RWSaint Helena ...................... SHSaint Kitts and Nevis .......... KNSaint Lucia ......................... LCSaint Pierre and

Miquelon ......................... PM

Saint Vincent andthe Grenadines .............. VC

Samoa ............................... WSSan Marino ........................ SMSao Tom and Princip ...... STSaudi Arabia ...................... SASenegal ............................. SNSeychelles ......................... SCSierra Leone ...................... SLSingapore .......................... SG

Slovakia ............................. SKSlovenia ............................. SISolomon Islands ................ SBSomalia .............................. SOSouth Africa ....................... ZASouth Georgia and

the South SandwichIslands ............................ GS

Spain .................................. ESSri Lanka ............................ LKSudan ................................ SDSuriname ........................... SRSvalbard and Jan

Mayen ............................ SJ

Swaziland .......................... SZSweden .............................. SESwitzerland ........................ CHSyrian Arab Republic ......... SYTaiwan ................................ TWTajikistan ............................ TJTanzania, United

Republic of ..................... TZThailand ............................. THTogo ................................... TGTokelau .............................. TKTonga ................................. TOTrinidad and Tobago .......... TTTunisia ............................... TN

Turkey ................................ TRTurkmenistan ..................... TMTurks and Caicos

Islands ............................ TCTuvalu ................................ TVUganda .............................. UGUkraine .............................. UAUnited Arab Emirates ......... AEUnited Kingdom * ............... GBUnited States ..................... USUnited States Minor

Outlying Islands .............. UMUruguay ............................. UYUzbekistan ......................... UZ

Vanuatu .............................. VUVatican City State refer

Holy SeeVenezuela .......................... VEViet Nam ............................ VNVirgin Islands British .......... VGVirgin Islands US ............... VIWallis and Futuna ............. WFWestern Sahara Islands .... EHYemen ................................ YEYugoslavia ......................... YUZaire ................................... ZRZambia ............................... ZMZimbabwe .......................... ZW

Country codes