Withholding on bond and GDR income requires tax deduction on interest or dividends paid to non-residents without a threshold. Tax deduction at source applies to interest or dividend income from specified bonds or Global Depository Receipts paid to a non-resident. Any person ... Summary
Withholding on bond and GDR income requires tax deduction on interest or dividends paid to non-residents without a threshold.
Tax deduction at source applies to interest or dividend income from specified bonds or Global Depository Receipts paid to a non-resident. Any person responsible for making the payment must deduct tax at the concessional rate of 10%. The obligation covers both interest and dividend income, and no monetary threshold is prescribed for deduction.
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