Tax withholding certificates allow lower or nil deduction, proportionate non-resident taxation, lower collection, and mandatory certificate issuance. Section 395 provides certificates for lower or nil tax deduction, determination of the taxable portion of specified non-resident payments, and lower-rate ... Summary
Tax withholding certificates allow lower or nil deduction, proportionate non-resident taxation, lower collection, and mandatory certificate issuance.
Section 395 provides certificates for lower or nil tax deduction, determination of the taxable portion of specified non-resident payments, and lower-rate tax collection. A payee, buyer, licensee or lessee may apply where estimated total income justifies the requested treatment. Tax on specified non-resident payments is deductible only on the proportion determined to be chargeable. Deductors and collectors must issue prescribed certificates, including additional particulars where an employer pays tax on non-monetary perquisites. Certificates remain valid for their stated period and may be cancelled after a reasonable opportunity of being heard.
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