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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