Section RF 4 — Income Tax Act 2007: Non-resident passive income received by agents and others

RF 4 Non-resident passive income received by agents and others When this section applies (1) This section applies when— (a) an agent or other person in New Zealand receives a payment of non-resident passive income on behalf of a person entitled to the payment; and (b) some or all of the amount of tax for the payment has not been withheld. Obligation to withhold: agent or other person (2) The agent or other person must withhold the amount of tax referred to in subsection (1)(b) for the payment and pay it to the Commissioner. The obligation to withhold arises at the time of receipt. Notifying agent or other person (3) If, in the circumstances described in subsection (1)(a), the person paying the non-resident passive income has withheld the amount of tax for the payment, they must notify the agent or other person of the amount withheld. Notification must be made at the time the payment is made. Defined in this Act: amount of tax , Commissioner , New Zealand , non-resident passive income , notify , pay , Compare: 2004 No 35 s NG 8(2), (3)