INCOME RETURNS ARE REQUIRED TO BE MADE NOW
The annual income returns for companies, farmers and other people who have an income in the Bay of Plenty are new due and must be made to the Hamilton Branch of the Land and Income Tax Department by June 1. Failure to furnish a return may result in a fine up to £IOO.
The list of those people who are required to make returns is quite a long one and probably covers everyone who earns or recei vs money, irrespective of how he may get it. The list includes “all companies, all persons in business (m eluding farmers) and all trustees, executors, and administrators, irrespective of whether a profit or a loss has been made.” It may be thought that covers everybody b*vt the list, under sub-section (b) goes 'on “and all other persons who deri*-. ed during the year income from salary, wages, interest, rent annuity, dividend, or other sources, where the total income so derived exceeded £200.”
There are few loop holes in that. The return forms may be obtained from the Whakatane Post Office or any other office in the district.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/BPB19500519.2.28
Bibliographic details
Ngā taipitopito pukapuka
Bay of Plenty Beacon, Volume 15, Issue 46, 19 May 1950, Page 5
Word count
Tapeke kupu
192INCOME RETURNS ARE REQUIRED TO BE MADE NOW Bay of Plenty Beacon, Volume 15, Issue 46, 19 May 1950, Page 5
Using this item
Te whakamahi i tēnei tūemi
Beacon Printing and Publishing Company is the copyright owner for the Bay of Plenty Beacon. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Beacon Printing and Publishing Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in