27 8 SIXTY-EIGHTH CONGRESS. Sess. I. Ch. 234. 1924. ¤*°°¤ Mx- ness paid to persons not engaged in business in the United States and not having an office or place of business therein), rent, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, or other fixed or determinable annual or periodical gains, profits, and income, of any nonresident alien individual, or_of any partnership not engaged in trade or business within the United Statgs and plc? having ang ogice or plzéce of piusinegstliherean and compose in w oe or in pa o nonresiden a ens o_ er ian income received as dividends of the class allowaed as a ;:red1_tdbg-r iubdivisiqp (a) of section 216) shall' (except in the cases provide or in su - division (b) and except as otherwise provided in regulations prescribed by the Commissioner under section 217) deduct and with- Rm; hold from such annual or periodical (gains, profits, and income a tax ,_';'€g’ég% 0, uhm equal to 6 per centum thereof: Proof ed, That the Commissioner may owwsinchnded- authorize such tax to be deducted and withheld from the interest
any securities the owners of which are not known to the with-
. o ng agent. ¤gii;1¤gi$l$$§ii?Qi§¤i (b) In any case where bonds, mortgages, or deeds of trust, or "°°"°"‘°“‘ other similar obligations of a corporation contain a contract or provision by which the obligor agrees to pay any portion of the tax imposed by_ this ftitlle upon the obligee, or to reimburse the obligee for any portion o the tax or to pay the interest without deduction for Tu com w,,hmd_ aiiy tax which the oiligcg. may be required or pprmitted to pay t ereon or to retain there om under any law of the United States the obligor shall deduct and withhold a tax equal to 2 per centum of the interest upon such bon mort a deeds of trust or other . . . . g gcsa » obligations, whether such interest IS payable annual] or at shorter or longer periods and whether payab e to a nonresidlent alien indibww yidual imo agi ind1iy1dq;lz§iti'1z1qn orhresédent of the United States or omnkiiowaowms. 0 a pa ers ip: mv' at the ommissioner ma autho e such tax to be deducted and jwithheld in the case of intere§ upon gfy _ such bonds, mortgages, deeds of trust, or other obligations, the °,E;,°:,g§;°°,0‘;“ c‘;°c§i°,,§ owners of which are not known to the withholding agent. Such deggshheld by i¤<Hvi<r duction and withholding shall not be required in the case of a citizen ' or resident entitled to receive such interest, if he files with the withholding agpnt on or before February 1 a signed notice in writing N°¤midmmm_ claiming the benefit of the CI‘€(lltS provided in subdivisions (c) and _(d) of section 216 5 nor in the case of a nonresident alien individual U if so pggyided fczr gn ;egulat10g1i7pPBScr1b€d by the Commissioner un- S er su ivision g o sec_1on . wgtililcil-dlizig $23: ii; (c) Every person required to deduct and withhold an tax nder md . . y u ° · this section shall make return thereof on or before March 15 of each Indemnity M my gay and shall on or before June 15_ pay the tax to the official of the mem. n1ted_States Government authorized to receive it. Every such " person is hereby made liable for such tax and is hereby indemnified against the qlaims Ciind demandg of any perslpn for the amount of any. paymen s ma e in accor ance wit the provisions of this Returns by recipient sectlorh . . ermwmmaa. (d) Income upon which any tax is re u' d t be 'thh I t the_ source under this section shall be incliideldz in (the retvdrn dfdtliie iecipitipié of supl;1 giplqme, but EIB}; amount of tax so withheld shall e cre 1 e ag 1 e amoun o income ax as computed in such . . return. ,,.,}`§c’§ii[§fi’Qf,§°$fé?°t _( e) If any tax required under this section to be deducted and wilghhplg ps paiddby tlqmilrepglplent of the income, it shall not be reco ec e rom 19 wi 110 mv agent· nor in cases in which the - tax is so_pa1d shall any penalty be imposedupon or collected from the recipient ofhthe income or the withholding agent for failure to fggiilpgrgzsrgagftexelgqllgzbgnless tsuch failure was fraudulent and for . g ymen .
