For Nz Overseas Residents And Others

[Robby nz]

As I now intend to live in TL I have recently applied for and got NZ non resident status this meant that I could get my tax on interest from my bank and on investments down from the the horrible 21% with-holding tax to 10%.

In the coures of all this I found out that NZ banks (all?) and some finance companies have what is called 'Approved Issuer Levy Status' which means they are allowed to deduct with-holding tax of only 2% from non residents.

I find I am eligable for this so now have got my tax down to only 2%, great the less I have to pay the better.

This is the only tax I pay as I no longet have to file any tax returns or pay tax in any other countries.

Dont know if this is news to anyone else but it was to me.

PS. If I understand correctly any non res of NZ can take advantage of this.