Withholding tax on unit income requires any payer to deduct tax on payments to Offshore Funds without threshold. Tax deduction at source applies to income in respect of units referred to in section 208 when payable to an Offshore Fund. Any person responsible for ... Summary
Withholding tax on unit income requires any payer to deduct tax on payments to Offshore Funds without threshold.
Tax deduction at source applies to income in respect of units referred to in section 208 when payable to an Offshore Fund. Any person responsible for making the payment must deduct tax at source at 10%. No monetary threshold applies. The framework substantially retains the corresponding provisions governing payments of income from specified units to Offshore Funds.
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