You Are Here: Home > Customer Service > Announcement
The New 39% Residential Withholding Tax Rate

You may already be aware that a new top tax rate of 39% has been introduced for individuals who earn over $180,000 in a year from 1st April 2021. 

Important information 重要信息
You will be able to select a 39% RWT rate from 1st October, whether you should change your RWT rate will depend on your personal tax situation. If you are unsure, please seek your own professional tax advice.

It is important to understand that the RWT are applied to your investment will not change automatically on 1st October 2021, you will need to inform us to change your tax rate if you want RWT to be deducted at the 39% rate.

Contact us for your changes of RWT rate 联系我们修改您的RWT税率
Customer 24/7 hotline:
08009 95588 (New Zealand)
+64 937 95588 (Overseas)

Branch Address and Tel:
Ground Floor, 2 Queen Street, Auckland CBD
+64 9 374 7266
Opening hours: Monday to Friday, 9:00-12:00, 13:00-16:00, exclude public holiday and lockdown level 4 and level 3
Disclaimer: The information on this page is general in nature and does not constitute specific tax advice or financial advice to any person or entities. We recommend you obtain independent tax advice for your own circumstances. ICBC NZ does not accept any liability for the use of, or reliance on, this information.