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<h1>Payers must deduct tax when income to securitisation trust investors is credited or paid; residents 10%, nonresidents at prevailing rates</h1> When income is payable to an investor in a specified securitisation trust, the payer must deduct tax at the time of credit to the payee's account or at payment, whichever is earlier. For resident investors the rate is 10%. For non-resident investors (other than companies) and foreign companies tax is deducted at the rates in force. Amounts credited to any suspense or similar account in the payer's books are treated as credit to the payee for the purpose of this deduction.