Increased rates for non-resident transactions

75ZAIncreased rates for non-resident transactions

1

In its application for the purpose of determining the amount of tax chargeable in respect of a chargeable transaction that is a non-resident transaction, this Part has effect as if 2% were added to each rate specified in the rate-specifying provisions.

2

The “rate-specifying provisions” are—

a

in section 55(1B), Table A;

b

in Schedule 4ZA, in paragraph 1(2), Table A;

c

in Schedule 4A, paragraph 3(1)(a);

d

in Schedule 5, in paragraph 2(3), Table A;

e

in Schedule 6ZA, in paragraph 4, Table A;

f

in section 74(1A), Step 4.

3

Schedule 9A defines “non-resident transaction” and makes further provision in connection with this section.

Anti-avoidance