Orbitax
On 12 August 2011, New Zealand's Minister of Revenue announced that the most favored nation obligation under the New Zealand-Chile income tax treaty had triggered a change to lower the rate of non-resident withholding tax (NRWT) on royalties. The new rate of NRWT is 5%, down from 10%.
The new rates apply retrospectively from 1 May 2010.
Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.
Free trial available. Cancel anytime. Free Orbitax account required.
Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.