Document ID: chunk:federal_register_of_legislation:F2025C00013:reg:50
Version: federal_register_of_legislation:F2025C00013
Segment Type: reg
Provision Reference: reg 50
Character Range: 55849–56577

50  Entertainment or sports activities
 (1) This section applies to an amount that is required by section 12‑315 in Schedule 1 to the Act to be withheld from a payment prescribed by section 32.
 (2) The amount to be withheld from the payment is:
 (a) if the payment is made to a company—the amount worked out by applying to the payment, as if the amount of the payment was the taxable income of the company, the rates mentioned in section 23 of the Income Tax Rates Act 1986; or
 (b) if the payment is made to an individual—the amount worked out by applying to the payment, as if the amount of the payment was the taxable income of the individual, the rates mentioned in Part II of Schedule 7 of the Income Tax Rates Act 1986.