Withholding tax on non-resident bond and depository receipt income applies to interest and dividends without payment thresholds.

Tax deduction at source applies to interest or dividend income relating to specified bonds or Global Depository Receipts where the recipient is a non-resident. Any person responsible for making the payment must deduct tax at 10%. No monetary threshold applies, so deduction is required irrespective of the payment amount. The framework covers both interest and dividend income and corresponds with the earlier withholding-tax treatment for such payments.

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