UNEMPLOYMENT LEVY

Hokitika Guardian, 30 July 1932, Page 2

UNEMPLOYMENT LEVY

INSTALMENT DUE IN AUGUST. Un Monday, Ist. August, an instalment of the 'GS’fieral Levy will ‘become due, this amount for those who pay quarterly being five .shillings. Those persons who become liable for payment for the first dine are reminded, f lat they may pay piarterly or the whole sum (20s) may hi paid in advance.

Th.'e second instalment of the emergency unemployment charge at tin ate of Is in the £ (one penny in very one shil.ing and eight pence or art thereof) on income other than .alary or wages wilt also full due on Ist. August. The official receipt issued when payment of the May instalment was effected must be produced when paying the second instalment. In connection! with this charge there appears to lie some misapprehension as to the liability of overseas income, and it is necessary to explain that income derived elsewhere than from New Zealand is subject to the charge; unless it can 'be proved to the satisfaction of the Unemployment Board that it lias been chargeable in some other country within the British Dominions 'with a special tax levied m respect of unemployment. As fains is known, New South Wales is the only plate within -the British Dominions to impose an unemployment tax on dividends paid to non-resident shareholders. The position will, in the majority of cases, he apparent from the dividend warrants received, as the deduction is usually shown thereon; this evidence would lie satisfactory proof that the income is exempt in New Zealand. Where only a percentage, as representing that propor- - .on of the dividend earned within

•ew South Wales, has been subjected to the unemployront tax, only that proportion i« exempt from the emergency charge in Now Zealand.