What should my rwt rate be

It includes interest you earn on any BNZ deposit accounts you hold, including savings accounts and term deposits. The RWT rate is based on your taxable income. If you are not a New Zealand resident, you may be on a different tax rate.

Your resident withholding tax RWT rate is based on your taxable income, and there are different rates for individuals, trusts, companies and partnerships. Overseas investments include: pension schemes shares in foreign companies rental properties in another country bank accounts. Tax on overseas pensions is complex. How the tax is managed depends on: whether your overseas pension is a government or private pension whether the New Zealand Government has a tax agreement with the country your pension comes from what other sources of income you have.

Your exemption lasts for up to 4 years and means you do not pay PIR on income that you get from foreign investments as long as: the income from them is made outside New Zealand the investment is in a zero-rated PIE.

Temporary tax exemption on foreign income for new migrants and returning New Zealanders What is a foreign investment PIE? Utility links and page information. Print this page. Is there something wrong with this page? Something is broken or outdated. Your email address. Page last updated: 20 October Contact us Contact us Media queries. Income tax. Income tax Dates JAN JAN Provisional tax payments are due if you have a March balance date and use the standard, estimation or ratio options.

FEB All Income tax dates. How much tax do I pay? For example: interest payments from a savings account or term deposit to an individual are taxed at a RWT rate that the recipient chooses, depending on their income. Investment income reporting In summary. Last Updated: 03 Sep What tax rate should I use? Did this answer your question? What is the Offshore Service Margin on my credit card statement? An Offshore Service Margin is a fee charged by us when you make a transaction in a currency other than Fees Credit Cards Bank Accounts.

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Our credit card interest rates vary, as we issue more than one type of card and the rates can be Yes you can. Please be What is the Unpaid or Dishonour Charge on my statement? Customers have told us that the statement descriptions for some dishonour fees have not been clear or easily understood in