Taxation Administration Regulations 2017
PART 3
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INCOME TAX (CHAPTER 2 IN SCHEDULE 1 TO THE ACT)
Division 3
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Pay as you go (PAYG) withholding
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Working out the amount to withhold
Subdivision B
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Withholding amounts for Subdivision 12-F
SECTION 41
41
INTEREST PAYMENTS
The amount to be withheld under section 12-245 , 12-250 or 12-255 in Schedule 1 to the Act from interest (within the meaning of Division 11A of Part III of the Income Tax Assessment Act 1936 ) is an amount equal to 10% of the amount of the interest.
The amount to be withheld under section 12-245 , 12-250 or 12-255 in Schedule 1 to the Act from interest (within the meaning of Division 11A of Part III of the Income Tax Assessment Act 1936 ) is an amount equal to 10% of the amount of the interest.
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