INTEREST TO BE ALLOWED
— Press Association ,
FAMILY BENEFIT AS CREDIT FOR ' INCOME TAX
By Telegraph-
WELLINGTON, May 31. ! It was stated officially to-day j that interest will be allowed on j family benefit payments assigned to j the Commissionqr of Ta^es^in, accordancd" witfiythe .proc'eduhet^d# out in the- family benefit "scheme".' i ] Publici'ty has ,-rec^ntly been . giy.en j thit Fdvanq^ payrifehl^ o| ajad j multiples ' pf £1' }'o& ' f orthbomihg ! income tax will earn interest"' at one j and a-half per cent., and the ques- | tion arose as to whether a similar provision was made in respect of family benefits assigned to the Income Tax Department as credits j against future tax. On these payments, it was announced to-day, j similar interest will be allowed. It was also mentioned that deductions from salaries of publie servants as credits against future income tax also bear the same interest.
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https://paperspast.natlib.govt.nz/newspapers/CHRONL19460531.2.41
Bibliographic details
Chronicle (Levin), 31 May 1946, Page 5
Word Count
146INTEREST TO BE ALLOWED Chronicle (Levin), 31 May 1946, Page 5
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