Securities transaction tax responsibility for mutual funds clarified, designating who must collect and remit tax under STT rules. Rule 5 designates the person responsible for collection and payment of Securities Transaction Tax in relation to a mutual fund, allocating collection responsibility and payment obligation and imposing duties to withhold, remit and account for the tax under the securities regulatory framework.
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Securities transaction tax responsibility for mutual funds clarified, designating who must collect and remit tax under STT rules.
Rule 5 designates the person responsible for collection and payment of Securities Transaction Tax in relation to a mutual fund, allocating collection responsibility and payment obligation and imposing duties to withhold, remit and account for the tax under the securities regulatory framework.
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