
Question of the Week
Non-resident withholding tax
Tuesday 30th of November -0001
Answer
For non-resident withholding
income comprising interest, the rate of non-resident withholding
tax (NRWT) is 15% of the gross amount of the income. In the case
of interest paid in Australia, however, the double tax agreement
with New Zealand provides that the NRWT on interest paid to an
Australian resident is 10%.<...
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