Resident rent withholding distinguishes deductor status, asset-based rates, and the timing of tax deduction on rental payments.

Tax deduction at source on rent paid to residents distinguishes between persons other than specified persons and specified persons. Non-specified persons deduct tax at 2% only in the last month of the tax year or tenancy, at the earlier of credit or payment. Specified persons apply asset-based rates-2% for machinery, plant or equipment and 10% for land, buildings, appurtenant land, furniture or fittings-and deduct at the earlier of credit or payment.

---

---

---