Interest for delayed tax payment accrues on securitisation trust distributions until outstanding tax is paid. Where the person responsible for payment of income distributed by a securitisation trust, or the securitisation trust, fails to pay the tax due within the ... Summary
Interest for delayed tax payment accrues on securitisation trust distributions until outstanding tax is paid.
Where the person responsible for payment of income distributed by a securitisation trust, or the securitisation trust, fails to pay the tax due within the allowed time, simple interest at a monthly rate is chargeable on the unpaid tax from the day after the last due date until actual payment.
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