Private ruling: Interest withholding tax
Published: May 2012

Ruling: Q1: Will section 128F of the Income Tax Assessment Act 1936 (the ITAA 1936) apply to the loan note issued by X Co (the Note) such that no interest withholding tax will be payable under section 128B of ITAA 1936 in respect of interest paid by X Co on the Note? | A1: No, section 128F of the ITAA 1936 does not exempt the interest paid by X Co on the Note from interest withholding tax payable under section 128B of the ITAA 1936.




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