EMPLOYMENT TAXATION

Wairarapa Times-Age, 30 April 1938, Page 2

EMPLOYMENT TAXATION

In this issue appears an intimation from the Commissioner of Taxes that an instalment of the Registration Levy becomes payable on May 1 and that on the same date there also falls due the first instalment of the Employment Charge on income other than salary or wages derived during the year ended March 31, 1938. Payment may be tendered at any Money-order 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-book. Failure to pay renders defaulters liable, on summary conviction, to a fine of £5. In addition, a penalty of sixpence per month automatically accrues if payment is not made within one month of the due date. All male persons twenty years of age or over, other than those exempt, are required in May, to furnish in respect of the year ended March 31, 1938, declarations of income other than salary or wages (“nil” or otherwise). All women twenty years or over whose income other than salary or wages exceeds £5O are also required to complete both parts of the declaration form. The following classes of persons are exempt:—(l) Every person who is in receipt of a War Pension under the War Pensions Act, 1915 in respect of total disablement, or who is in receipt of any pension under the Pensions Act, 1926. (2) All persons who satisfy the Commissioner than 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 of men); provided that in any case, the income received from all sources does not exceed £lO4 per annum. An exemption of £5O is allowed to women taxpayers in respect of income other than salary or wages. A penalty of 10 per cent, accrues on the amount of any instalment not paid within one month of the due date.