Section RE 3 — Income Tax Act 2007: Obligation to withhold RWT

RE 3 Obligation to withhold RWT Obligation to withhold and pay (1) A person to whom section RE 1(2) applies is liable to withhold resident withholding tax (RWT) and pay the amount to the Commissioner if they make the payment and— (a) they have an obligation to withhold an amount of tax under section RE 4 and are not excluded under sections RE 5 and RE 6 from meeting the obligation: (b) [Repealed] (c) they are an RWT proxy in relation to the payment. Non-cash dividends (2) For the purposes of subsection (1), if the payment is a non-cash dividend, the person must calculate the amount of tax under section RE 14 and pay the amount to the Commissioner. Defined in this Act: amount , amount of tax , Commissioner , non-cash dividend , pay , RWT , RWT proxy , Compare: 2004 No 35 s NF 2(1A), (1AB) Section RE 3(1)(a): substituted (with effect on 1 April 2008), on 6 October 2009, by section 526(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section RE 3(1)(b): repealed (with effect on 1 April 2008), on 6 October 2009, by section 526(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).