Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
May 12, 1987
Mr. K.R. Warren Director Audit Applications Division
Provincial and International Relations Division J.R. Castendyk OPRU 126 HBW 6591-B3
Mr. D. Schlesinger
Withholding Tax Rebates
As requested in your memo of December 16, we wrote to Inland Revenue in the United Kingdom and the Internal Revenue Service in the United States to enquire if they had any knowledge of countries that levy a withholding tax of interest paid to non-resident creditors and then rebate all or a portion of the tax to the resident debtor or to another resident party designated by the debtor.
Both replied that they were only aware of Brazil having done this. We attach copies of their replies. Please note that we did not contact the IRS representative, as was suggested. If, however, you have any specific questions, we will be pleased to convey them to her.
We also wrote to the Brazilian tax authorities. Their reply is attached. Please note that they did not react to our request that they provide us with information about particular rebates. We will be happy to ask them again if you have any specific questions, perhaps about particular taxpayers. It should be borne in mind, however, that the Canada - Brazil Income Tax Convention has only recently gone into force and we should probably not expect any information in respect of taxable years beginning before 1986.
Director Provincial and International Relations Division
JRC/jb
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