Section 33, The Finance Act, 2013

Part II of the Second Schedule to the Income Tax Act, 2000is amended by the repeal and replacement of Part II by the following– “Rates of tax to be withheld from payments made to non-residents: Employment income (section 116) 25% Payments to contractors (section117) 10% Dividends (section 118) 10% Interest (section 119) 15% Rents and royalties (section 120) 25% Pensions and annuities (section 121) 25% Natural resource payments (section 122) 25% Payments to or applications for the benefit of non-residentbeneficiaries (section 123) 25%”