I am a New Zealand tax resident, what’s the tax deducted in my bank when I received bank deposit interest income?

This is a tax called resident withholding tax that the bank has an obligation to withhold from certain payments of investment income such as interest or dividends. You can choose the RWT rate from the following rates 10.5%, 17.5%, 28%, 30%, 33% which is determined by your annual income.

This page is also available in: 简体中文