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Approved issuer levy guide (IR395)

This guide explains how to pay interest to overseas lenders without having to deduct NRWT (Non-resident withholding tax).

If you pay interest to a non-resident lender, and want to pay it at a zero rate of NRWT, you have to apply to  us to become an approved issuer.

Instead of deducting NRWT, approved issuers (or a person on their behalf) must pay a levy on the securities they register with us.