Tax withholding rates for non-residents specify fixed withholding by income type, covering investment, royalties, sports and gambling. The Fourth Schedule sets rates for deduction of tax at source on payments to non-resident deductees by categorising income types-investment income ... Summary
Tax withholding rates for non-residents specify fixed withholding by income type, covering investment, royalties, sports and gambling.
The Fourth Schedule sets rates for deduction of tax at source on payments to non-resident deductees by categorising income types-investment income (interest, dividends without distribution tax, capital gains, other investment receipts), royalties and fees for technical services, sports-related payments and contributions, winnings from lotteries/gambling/horse races-and a residual category of other income, each attracting a specified withholding rate determined by the nature of the payment.
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