Section RD 24 — Income Tax Act 2007: Exemption certificates for non-resident contractors

RD 24 Exemption certificates for non-resident contractors When this section applies (1) This section applies when— (a) a non-resident contractor derives an amount from a contract activity or service that is not income, whether because of a double tax agreement or for another reason; or (b) the contractor provides a bond or other security for the payment of any income tax payable on an amount derived by them from a contract activity or service; or (c) the contractor has in the period of 24 months before the date of the application referred to in subsection (2) paid all income tax payable by them and complied with their obligations under the Inland Revenue Acts, and the Commissioner is satisfied that the contractor will continue to do this. Exemption certificate (2) The non-resident contractor may apply to the Commissioner to provide them with an exemption certificate under section 24M of the Tax Administration Act 1994 for a contract payment made to them or another person acting on their behalf in relation to a contract activity or service set out in the certificate for which no amount of tax is to be withheld. Defined in this Act: amount , amount of tax , Commissioner , contract activity or service , contract payment , double tax agreement , exemption certificate , income , income tax , Inland Revenue Acts , non-resident contractor , pay , Compare: 2004 No 35 s NC 18(1) , Income Tax (Withholding Payments) Regulations 1979, regulation 5(3)