Section RF 16 — Income Tax Act 2007: Relationship with RSCT rules

RF 16 Relationship with RSCT rules When this section applies (1) This section applies when a retirement scheme contributor makes a retirement scheme contribution for a person who is non-resident and pays RSCT for the contribution. NRWT (2) The contributor is treated as having withheld from the contribution an amount of NRWT equal to the lesser of— (a) the amount of RSCT paid: (b) the NRWT payable in relation to the contribution. Treatment of balance (3) Section LB 6 (Tax credits for RSCT) applies to any balance of RSCT paid. Defined in this Act: non-resident , NRWT , pay , retirement scheme contribution , retirement scheme contributor , RSCT Compare: 2004 No 35 s NG 16B Section RF 16: added, on 1 April 2008, by section 544 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).