Section Sch50-“ 52 — Income Tax Act 2007: Disclosure of interest payments when no requirement to withhold RWT

“ 52 Disclosure of interest payments when no requirement to withhold RWT A person who in a year pays an amount of resident passive income that is interest,— “ (a) for which RWT is required to be withheld because— “ (i) the payment was not made by the person in the course of or furtherance of a taxable activity; or “ (ii) section RE 10 of the Income Tax Act 2007 applies; and “ (b) that is allowed as a deduction for the purposes of the Income Tax Act 2007; and “ (c) that is paid to a person other than a person who holds an RWT exemption certificate,— ” .