Section RF 13 — Income Tax Act 2007: Basis for payment of amounts of tax for non-resident passive income

RF 13 Basis for payment of amounts of tax for non-resident passive income When this section applies (1) This section applies when a person estimates for a tax year that they will not be required by the NRWT rules to withhold total NRWT of $500 or more. Two instalments (2) The person may pay to the Commissioner the amount withheld for the tax year in 2 instalments. When threshold reached during tax year (3) If the threshold amount of $500 is reached at a time in a tax year, the person must pay to the Commissioner— (a) the amount of tax withheld from the start of the tax year to the end of the month in which the threshold is reached; and (b) for the remainder of the tax year, the amount of tax on a monthly basis. Defined in this Act: amount of tax , Commissioner , NRWT , NRWT rules , pay , tax withheld , tax year , Compare: 2004 No 35 s NG 11(1)–(3)