Non-resident long-term capital gains withholding applies to specified bond and GDR transfers without a monetary threshold. Withholding tax applies to long-term capital gains arising from transfer of specified bonds or Global Depository Receipts by a non-resident. Any person ... Summary
Non-resident long-term capital gains withholding applies to specified bond and GDR transfers without a monetary threshold.
Withholding tax applies to long-term capital gains arising from transfer of specified bonds or Global Depository Receipts by a non-resident. Any person responsible for making the payment must deduct tax at 12.5%, with no monetary threshold for deduction. The framework covers specified bond and GDR transfers and identifies the recipient's non-resident status as a necessary condition.
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