Conditional income exclusions for eligible non-residents cover interest, remuneration, technical services, manufacturing, data-centres, securities and diamond transactions. Income is excluded from total income for specified non-residents, foreign companies and other eligible persons where listed income and conditions are ... Summary
Conditional income exclusions for eligible non-residents cover interest, remuneration, technical services, manufacturing, data-centres, securities and diamond transactions.
Income is excluded from total income for specified non-residents, foreign companies and other eligible persons where listed income and conditions are satisfied. Relief covers qualifying non-resident account and Offshore Banking Unit interest, diplomatic and temporary foreign-employee remuneration, foreign-ship salary, security-related royalty and technical-service income, and designated crude-oil, cruise-ship and investment income. Targeted exclusions also apply to qualifying electronics manufacturing arrangements, data-centre services, government-security income, and rough-diamond sales, generally subject to notification, ownership, operational, reporting, relationship and time-limit requirements.
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