INCOME-TAX.

Manawatu Herald, Volume XL, Issue 1780, 24 January 1918, Page 3

INCOME-TAX.

INFORMATION FOR TAXPAYERS.

In response to enquiries made as to the due date of (ho income-tax and what the position is regarding the indices (hut taxpayers require to receive, the Right Hon. Sir Joseph Ward (Minister for Finance) stated to a Post representative Unit the tax is due on 28th January, and that the Commissioner of ’faxes had advised him that in the ordinary course the notices for payment shoidd lie issued about the 22nd instant. “The Taxing Department,” added Sir Joseph, “has already started to issue some of the notices, and during the week they will get out the notices to the joint stock companies and to a section of the individual taxpayers. The rest of the notices will he late, .and they will lie issued in sections, with a new due dale fixed in accordance with the provisions of section 127 of the Land and Income Tax Act. These notices are expected to he cleared just before the end of February. Up to now the work has boon concentrated on the assessment of the companies, us they represent the largest taxpayers umd it is expected that file whole of (he notices will he issued in time to enable the Department to get the revenue in by 31st March. Although the notices that have been sent out for the income-tax this year are late, they are not so late as they were last year, when the last of the notices were issued in July. The tax is to be paid in one sum this year, as the whole of the payments require to he in by 31st March. The money is needed for the war.”