TaXavvy Issue 10/2018

In this issue:

Public Ruling 11/2018 – Withholding Tax on Special Classes of Income

The Inland Revenue Board has issued Public Ruling 11/2018 - Withholding Tax on Special Classes of Income (“PR 11/2018”) dated 5 December 2018, replacing the earlierPublic Ruling 1/2014 - Withholding Tax on Special Classes of Income (“PR 1/2014”). PR 11/2018 essentially incorporates changes to the law since PR 1/2014 was issued as well as sets out changes in Inland Revenue Board’s positions with respect to certain matters, some of which take immediate effect from the date the new public ruling is published.

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