Explanatory Notes

Income Tax Act 2007

2007 CHAPTER 3

20 March 2007

Commentary on Sections

Part 15: Deduction of income tax at source

Overview

Chapter 19: General
Overview
Section 981: Foreign currency securities etc: exception from duties to deduct

3007.This section provides that nothing in this Part imposes a duty to deduct at source on interest payments within section 755(1) of ITTOIA. It is based on section 581A of ICTA.