Income Tax (Managed Investment Trust Withholding Tax) Amendment Act 2019 (35 of 2019)

Schedule 1   Amendments

Income Tax (Managed Investment Trust Withholding Tax) Act 2008

2   Paragraph 4(1)(a)

Repeal the paragraph, substitute:

(a) if the entity is a resident of an information exchange country:

(i) 15% for fund payments (except to the extent mentioned in subparagraph (ii) or (iii)); or

(ii) 10% for fund payments, to the extent that they are, or are attributable to, fund payments from a clean building managed investment trust (except to the extent mentioned in subparagraph (iii)); or

(iii) 30% for fund payments, to the extent that they are attributable to non-concessional MIT income; or