At what rate is Resident Withholding Tax applied to dividends?

The RWT rate on dividends paid to New Zealand residents is 33%. The 33% rate applies regardless of whether the customer has supplied their IRD number.
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The amount of RWT deducted is reduced by the imputation credits attached, dividend withholding payments made, or foreign withholding tax deducted overseas. No RWT is required to be deducted where a dividend is fully imputed, has full dividend withholding payment credits, or the percentage of foreign withholding tax deducted is greater than or equal to 33%.
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​Please note: Invest Direct is unable to give advice on tax related matters; we suggest you seek independent taxation advice from your tax adviser or accountant.