SCHEDULES

SCHEDULE 6Deduction of income tax at source

PART 1Abolition of duty to deduct tax from interest on certain investments

1

In Chapter 2 of Part 15 of ITA 2007 (deduction of income tax at source by deposit-takers and building societies) omit—

a

section 851 (duty to deduct when making payment of interest on relevant investment), and

b

the italic heading preceding it.