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Receiving interest, dividends and royalty payments

Non-resident withholding tax

If you are a non-resident, you do not need a TFN for payments of:

  • interest
  • dividends, or
  • royalties.

Your withholding tax is deducted at the tax rate applicable to your country of residence before you receive these payments. You do not need to declare this income on your Australian tax return.

However, you must:

  • inform your investment bodies (for example, banks) that you are a non-resident, and
  • provide an overseas address for statements.

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For more information about withholding tax rates, phone +61 2 6216 1111 between 8.00am and 5.00pm, Monday to Friday and ask to be transferred to Personal tax enquiries.

Sections within Receiving interest, dividends and royalty payments

Last Modified: Tuesday, 31 March 2009

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