Income from securities: interest income is excluded when covered by separate interest withholding regime under tax law. The amendment narrows the withholding provision by excluding income by way of interest that is subject to the separate interest withholding regime from the definition of income in respect of securities for the specified securities class, so that such interest income is governed by the separate withholding mechanism.
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Income from securities: interest income is excluded when covered by separate interest withholding regime under tax law.
The amendment narrows the withholding provision by excluding income by way of interest that is subject to the separate interest withholding regime from the definition of income in respect of securities for the specified securities class, so that such interest income is governed by the separate withholding mechanism.
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