Concessional tax for specified interest: newly covered interest receipts now subject to a reduced taxable regime for non residents. Amendment inserts a new sub clause bringing specified interest receipts within the special taxing regime for non residents and foreign companies, prescribes that such interest be taxed at a concessional rate, and makes consequential cross reference changes to rate items; the amendment takes effect from the stated operative date.
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Concessional tax for specified interest: newly covered interest receipts now subject to a reduced taxable regime for non residents.
Amendment inserts a new sub clause bringing specified interest receipts within the special taxing regime for non residents and foreign companies, prescribes that such interest be taxed at a concessional rate, and makes consequential cross reference changes to rate items; the amendment takes effect from the stated operative date.
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