Business trust withholding on non-resident unit distributions varies between interest and dividend, with no payment threshold. Tax deduction at source applies to qualifying distributed income of a Business Trust paid or credited to non-resident unit holders other than companies ... Summary
Business trust withholding on non-resident unit distributions varies between interest and dividend, with no payment threshold.
Tax deduction at source applies to qualifying distributed income of a Business Trust paid or credited to non-resident unit holders other than companies and to foreign companies. The Business Trust must deduct tax at the earlier of credit or payment. The rate depends on the income classification: interest income attracts deduction at 5% and dividend income attracts deduction at 10%. No monetary threshold applies to qualifying distributions.
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