Income Tax Act 2007

General collection rules - Withholding tax on resident passive income (RWT)

RE 11: Notification by companies

You could also call this:

"Companies must tell people paying them that they are a company so tax can be withheld."

You are a company that gets resident passive income. You must tell the person paying you that you are a company. The person paying you must withhold some tax, called RWT, at a certain rate, which you can find in clause 4 of the schedule.

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This page was last updated on 29 January 2026 — View changes

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RE 10C: Obligations of custodial institutions in relation to certain payments of investment income, or

"Custodial institutions' tax responsibilities when passing on investment income"

RE 12: Interest, or

"How to calculate tax on interest payments"

Part RGeneral collection rules
Withholding tax on resident passive income (RWT)

RE 11Notification by companies

This section applies when a company that is not a Maori authority is entitled to receive a payment of resident passive income other than a replacement payment under a share-lending arrangement.
The company must notify the person making the payment that they are a company.
The person making the payment must withhold RWT for the payment at the relevant rate set out in schedule 1, part D, clause 4 (Basic tax rates: income tax, ESCT, RSCT, RWT, and attributed fringe benefits) for a payment made on or after the date of notification.
If the company does not notify the person making the payment, the person must apply the higher withholding rate set out in section RE 19(3).

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2004 No 35 s NF 2B

Notes

Section RE 11(1): amended, on 29 March 2018, by section 258 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).
Section RE 11(3): amended (with effect on 1 April 2008), on 6 October 2009, by section 529(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Section RE 11(3): amended, on 1 April 2008, by section 562 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
Section RE 11 list of defined terms trustee: repealed, on 29 March 2018, by section 258 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).