Securities income paid to specified funds attracts withholding at credit or payment without a prescribed threshold.

Withholding tax applies to income in respect of specified securities when payable or credited to an eligible Specified Fund. Any person responsible for payment must deduct tax at source at 10%, at the earlier of credit or payment. No threshold limit applies, so every covered payment attracts deduction. The framework corresponds to the earlier withholding mechanism for specified securities income in relation to recipient eligibility, deductor, rate, threshold, and timing.

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