Withholding tax on non-resident long-term gains from specified bonds and Global Depository Receipts applies without a monetary threshold. Tax deduction at source on long-term capital gains applies where a non-resident receives income from the transfer of bonds or Global Depository Receipts ... Summary
Withholding tax on non-resident long-term gains from specified bonds and Global Depository Receipts applies without a monetary threshold.
Tax deduction at source on long-term capital gains applies where a non-resident receives income from the transfer of bonds or Global Depository Receipts referred to in section 209. Any person responsible for making the payment must deduct tax at 12.5%, with no prescribed monetary threshold. The withholding mechanism is confined to long-term capital gains from the transfer of the specified bonds or Global Depository Receipts.
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