ANNEX 1:: MINOR CHANGES IN THE LAW MADE BY THE BILL Consequential amendment to provision regarding designated international organisations
Section 582A(1) and (4) of ICTA removes the requirement to deduct sums representing income tax from annual payments and patent royalties within section 349(1) of ICTA made by designated international organisations. It applies to cases where deduction of tax is mandatory. Now that mandatory deduction has been extended to such payments that previously fell within section 348 of ICTA, section 979 (which rewrites section 582A of ICTA) similarly applies to all payments within Chapter 6 of Part 15 of this Act.