Securitisation trust investment income requires withholding at rates in force for qualifying non-resident and foreign company investors.

Income in respect of an investment in a securitisation trust specified in section 221 is subject to tax deduction at source when payable to a non-resident investor other than a company or to a foreign company. The securitisation trust responsible for payment or credit must deduct tax at the rates in force. No monetary threshold applies, so every covered payment attracts withholding. Deduction is required at the earlier of credit of income or payment.

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