About this Form

If you pay interest to a non-resident lender, and want to pay it at a zero rate of non-resident withholding tax (NRWT), you have to apply to Inland Revenue 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 Inland Revenue.

When to use this form

Use this form to register for approved issuer status.

You may also use this form to register your security. However if you have more than one security to register, you need to complete a separate Application to register security or securities for approved issuer levy (AIL) (IR 397) for each one.

What you will need

If you have more than one security to register, you’ll need to complete a separate security registration:

• IRD number to be registered
• contact details
• nature of business or trade
• start date of paying interest to
• expected AIL for each year
• description of security
• issue date for security
• date of redemption
• face value of security in New Zealand dollars
• redemption value
• interest or coupon rate

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