Withholding tax on non-resident unit income applies without threshold, subject to lower agreement rates upon prescribed certification.

Withholding tax applies to income from specified Mutual Fund units or units of a specified company payable to a non-resident other than a company or to a foreign company. Any person making the payment must deduct tax at the earlier of credit or payment. Tax is generally deductible at 20%, with a lower agreement rate available where the payee qualifies for the benefit and furnishes the prescribed certificate. No monetary threshold applies.

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