LIABLE TO TAX
COMPETITION PRIZE WINNERS
Prize winners in "quiz" competitions are subject to payment of land and income tax and to social and national security charges, according to a recent ruling by the Commissioner of Taxes. The commissioner claims that winnings in such competitions represent. income within the meaning of the Land and Income Tax and th'c Social Security Act and are subject to the combined charge at the ] time of payment, tor that puipose it is not material that the prizes take the form of national savings gift coupons, or entries in savings pass-books, those being deemed to be the equivalent of cash.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/BPB19430129.2.33
Bibliographic details
Ngā taipitopito pukapuka
Bay of Plenty Beacon, Volume 6, Issue 43, 29 January 1943, Page 6
Word count
Tapeke kupu
105LIABLE TO TAX Bay of Plenty Beacon, Volume 6, Issue 43, 29 January 1943, Page 6
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