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Credit, withholding tax

Various kinds of income (such as dividends, interest, royalties) are taxed at source by requiring the payer to deduct tax and account for it to the tax authorities (abroad). The taxpayer recipient is entitled to credit the tax withheld at source against his final tax liabilities determined by (domestic) tax law of the country in which he is resident.

News On Credit, withholding tax

Foreign investors can enjoy withholding tax benefits

21-05-2013| Source:Reuters

The government had cut tax rates for foreign investors on interest income from government and corporate debt for the June 1, 2013 and May 31, 2015 period.

Average credit card debt, late payments fall in Q1

21-05-2013| Source:AP

Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt

Withholding tax slash game changer for bond markets: BankAm

03-05-2013| Source:CNBC-TV18

The change in withholding tax to 5 percent from 20 percent is going to be a game changer for the bond markets, says Jayesh Mehta, managing director & country treasurer, Bank of America.

Dollar upside risk lower post withholding tax cut: JPMorgan

02-05-2013| Source:Reuters

JP Morgan says the move by the Indian government to cut the tax on interest earned by foreigners investing in domestic debt should help bring in around USD 5.2 billion into domestic debt and more

10-year yield seen between 7.65-7.75%: Sandeep Bagla

02-05-2013| Source:CNBC-TV18

The reduction in withholding tax on interest in bonds and a strong rupee will lead to more debt inflows through the FII route, says Sandeep Bagla, ICICI Securities.

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