Forum Archive Index - December 2002

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Allan, 

I just reread what I wrote and I'm not sure this bit was clear.

>
>
> This tax is what is termed in tax law 'witholding tax'.  In other
> words 'witholding tax' specifically refers to the case where a
> company hasn't paid tax on any profits made in their own right...  
> 

(please add on)

... up until the point they make a dividend payment to shareholders.
Then and only then does the company pay 15% of what they are paying 
to the shareholders directly to the government in the form of 
'withholding tax'. 

Are you clear now what I mean 'withholding tax'?

SNOOPY


  


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