Investment fund unit income withholding applies to taxable distributions to non-resident unit holders, with no monetary threshold. Withholding tax applies to taxable income in respect of units of an Investment Fund specified in section 224 when paid or credited to a non-resident unit ... Summary
Investment fund unit income withholding applies to taxable distributions to non-resident unit holders, with no monetary threshold.
Withholding tax applies to taxable income in respect of units of an Investment Fund specified in section 224 when paid or credited to a non-resident unit holder other than a company, or to a foreign company. The Investment Fund must deduct tax at the rates in force at the earlier of credit or payment. Income exempt under Schedule V is excluded, so deduction applies only to the taxable component. No monetary threshold is prescribed.
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