Tax credit for deducted withholding tax: deductions shown in statutory statements treated as tax paid and credited without certificate. The amendment broadens the subsection's reference to the entire Chapter governing withholding and adds that tax deducted under the Chapter and shown in ... Summary
Tax credit for deducted withholding tax: deductions shown in statutory statements treated as tax paid and credited without certificate.
The amendment broadens the subsection's reference to the entire Chapter governing withholding and adds that tax deducted under the Chapter and shown in the required statutory statement shall be treated as tax paid on behalf of the income recipient; such tax must be credited in the recipient's assessment for the relevant year without requiring a separate certificate.
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