EMPLOYMENT TAXATION

Opotiki News, Volume I, Issue 27, 29 April 1938, Page 4

EMPLOYMENT TAXATION

In this issue appears, an intimation from the Commissioner of Taxes that an instalment 0 f the Registration Levy bcomes payable on the Ist May and that oil the same date there also falls due the first instalment of the Employment Charge on income other than salary or 5 ' wages derived during the year ended '3lst. March, 1935. Payment may be tendered at any Moneyorder Office.

The Registration Levy is payable by all male persons twenty years of age or over, other than those entitled to exemption according to the information appearing on the final page of the coupon-hook. Failure to pay renders defaulters liable, fin . summary conviction, to a fine of £5. in addition, a penalty of sixpence per month automatically accrues if payment is not made jvitliin one lfionth of the due date. •

All male persons twenty years of age or over, other than those exempt, are required in May, to furnish iii respect. of the year ended 31st March, 1938, declarations of income other than salary or wages (“nil” or otherwise). The declaration forms are in two parts. Part I is the usual form of declaration of income, whilst Part II comprises a declaration of Industrial and Occupational Status. Both parts must he completed in every case, notwithstanding that Part I may in some instances be a “nil” declaration. All women twenty years or over whose income other than salary or wages exceeds £-50 are also required to complete both parts of the declaration form.

The following classes of persons are exempt:—

(1) Every person who is in receipt of a War Pension under the War Pensions Act. 1910 in respect of total disablement, or who is in receipt of any pension under the Pensions Act, .1926. (2) All oersons who satisfy the Commissioner that through physical or

mental disability they are unable to follow any regular employment, and all persons who have .attained the age of sixty years (in the case of women) or sixty-five years (in the case cf men ; provided that in afi.)’i case, the income received from all does# not exceed £lO4 per annum. An exemption of £SO ipbiillowed to women taxpayers in respect of income other than salary or wagojfc A penalty of 10 per cent accrues on the amount of any instalment not paid within one month of the due date. Further information may he obtained at any Mon-ey-order Office or from the Commissioner of Taxes, Employment Tax Division, Land and Income Tax Department, Wellington, .0.1.