Part 15Deduction of income tax at source

Chapter 19General

Supplementary

975Statements about deduction of income tax

1

Subsection (2) applies if a person makes a payment from which a sum representing income tax must be deducted under any provision of Chapters 2 to 7 or under section 919 or 928.

2

If the recipient requests it in writing, the person must provide the recipient with a statement showing—

a

the gross amount of the payment,

b

the amount of the sum deducted, and

c

the actual amount paid.

3

Subsection (4) applies if the trustees of an unauthorised unit trust are treated as making a deemed payment to a unit holder (“U”).

4

If U requests it in writing, the trustees must provide U with a statement showing—

a

the gross amount of the payment,

b

the amount of the deemed deduction from the payment, and

c

the amount of the payment after the deemed deduction.

5

A statement under this section must be in writing.

6

The duty to comply with a request under subsection (2) or (4) is enforceable by the recipient or U (as the case may be).

7

In this section “deemed deduction”, “deemed payment” and “the gross amount” have the same meanings as in Chapter 13 (see section 941(6)).