1Residents of 'information exchange countries' are subject to withholding tax at the following rates:
22.5 per cent for fund payments made between 1 July 2008 and 30 June 2009;
15 per cent (final) for fund payments made between 1 July 2009 and 30 June 2010; and
7.5 per cent (final) for fund payments made from 1 July 2010.
For the 2008-09 income year, as an interim measure, investors resident in 'information exchange countries' are eligible to claim a deduction for expenses relating to fund payments. The net amount will be subject to tax at 22.5 per cent.
Residents of other countries are subject to a final withholding tax of 30 per cent.
