TAXATION ADMINISTRATION ACT 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 2 - Collection, recovery and administration of income tax  

PART 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING  

Division 12 - Payments from which amounts must be withheld  

Subdivision 12-F - Dividend, interest and royalty payments  

Interest

SECTION 12-255   12-255   INTEREST PAYMENT DERIVED BY LENDER IN CARRYING ON BUSINESS THROUGH OVERSEAS PERMANENT ESTABLISHMENT  


An entity must withhold an amount from interest (within the meaning of Division 11A of Part III of the Income Tax Assessment Act 1936 ) it pays if it has been notified under section 12-260 of this Act that this section applies to the interest.
Note:

For limits on the amount to be withheld, see section 12-300 .




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