Withholding on REIT distributed income requires business trusts to deduct tax from qualifying payments to non-resident unit holders.

Tax deduction at source applies to qualifying distributed income of a Business Trust when paid or credited to a non-resident unit holder other than a company, or to a foreign company. The Business Trust is responsible for deduction at the rates in force. No monetary threshold applies, so every qualifying payment attracts withholding. Deduction is required at the earlier of credit or payment.

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