Withholding tax on fund unit gains adjusted to differentiate treatment for transfers before and after the amendment date. Amendment adjusts the withholding tax rate for income and long term capital gains on units of specified investment funds: ten per cent for income from ... Summary
Withholding tax on fund unit gains adjusted to differentiate treatment for transfers before and after the amendment date.
Amendment adjusts the withholding tax rate for income and long term capital gains on units of specified investment funds: ten per cent for income from units and for long term capital gains on transfers before the effective date, with a higher rate for long term capital gains on transfers on or after the effective date, and the substitution is deemed effective from the stated date.
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