Commissioner may exempt from section 12‑330, subject to conditions
12-335 Commissioner may exempt from section 12‑330, subject to conditions
The Commissioner may give an entity a written certificate exempting the entity from complying with section 12‑330 for specified payments.
A certificate is subject to:
a condition that the entity must withhold from a payment covered by the certificate the amount (if any) worked out in accordance with the certificate in respect of tax or *petroleum resource rent tax that is or may become payable by a foreign resident to whom the payment is made; and
such other conditions as the certificate specifies.
However, the entity does not contravene subsection 12‑330(1) because it contravenes a condition.
The Commissioner may, by written notice given to the entity:
revoke a certificate, whether or not a condition of it has been contravened; or
vary a certificate by revoking, changing or adding to its conditions.
A person who is dissatisfied with a decision under this section may object against the decision in the manner set out in Part IVC.
This Act’s bill:Second reading speech
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