Withholding tax is the tax taken out of the income you earn from your investment before you receive it and is then paid to the tax office on your behalf.

Withholding tax is the tax taken out of the income you earn from your investment before you receive it and is then paid to the tax office on your behalf.

When a New Zealand resident invests in Blossom, an Australian Fund, they may have to pay Australian withholding tax.

The good news is there’s a Double Tax Agreement between Australia and New Zealand which provides a way to avoid paying tax twice on the same income (once in Australia and once in New Zealand). 

Kiwi investors may be able to claim a foreign tax credit in New Zealand for the tax already paid in Australia.

What is Withholding Tax?

How much Withholding Tax will I have to pay?

What are the tax implications?

How will Withholding Tax be deducted?

Do I pay tax to the Australian Taxation Office or IRD?

What is a Foreign Tax Credit?

How do I apply for a Foreign Tax Credit?

What type of information will I get to assist me in completing my tax return?

What if I have closed my Blossom account but still need access to my statements?

Can I have help preparing my Capital Gains Tax Statement?

Taxes

Blossom App

Answers are general in nature only and do not take into account your personal objectives, financial situation or needs. Refer to the [PDSs](https://www.blossomapp.com/documents), [TMDs](https://www.blossomapp.com/documents) and [FAQs](https://www.blossomapp.com/documents) for further information.

What is Withholding Tax?

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What is Withholding Tax?

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