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How is income tax paid?

Written by Support Team

Resident Withholding Tax (RWT) is deducted monthly from the interest earned on relevant currencies and converted into NZD for payment to the Inland Revenue Department (IRD) on the same day, using a margin-free rate approved by the IRD.

Please note: that Invest Direct is unable to give advice on tax related matters; we suggest you seek independent taxation advice from your tax adviser or accountant.

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