Section Sch50-“ 49 — Income Tax Act 2007: NRWT withholding certificates and annual reconciliations

“ 49 NRWT withholding certificates and annual reconciliations “ (1) Subsection (1B) applies when a person in a year— “ (a) withholds, or is required by the NRWT rules to withhold, NRWT for non-resident passive income paid to or derived by any other person; or “ (b) pays to, or is required to pay to, the Commissioner under section RF 10 of the Income Tax Act 2007 NRWT for non-resident passive income that is a dividend. “ (1B) The person must prepare and provide to the Commissioner, no later than 31 May in the following year, in the form approved by the Commissioner,— “ (a) an NRWT withholding certificate for all NRWT withheld or paid in relation to each recipient during the year; and “ (b) an annual reconciliation statement for all NRWT withheld or paid during the year. ”