Withholding information obligation requires payers to report payments to non-residents and foreign companies in prescribed form. The amendment imposes a reporting obligation on the person responsible for paying any sum to a non-resident (not being a company) or to a foreign company, ... Summary
Withholding information obligation requires payers to report payments to non-residents and foreign companies in prescribed form.
The amendment imposes a reporting obligation on the person responsible for paying any sum to a non-resident (not being a company) or to a foreign company, whether or not the sum is chargeable under the Income-tax Act, requiring furnishing of information relating to such payment in such form and manner as may be prescribed.
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