SOCIAL SECURITY CHARGE
AMATEUR SPORTS BODIES EXEMPTED. RULING BY COMMISSIONER. There has been uncertainty in some quarters as to the liability of sports bodies and other societies in respect to the social security charge of Is in the £ on income. According to a ruling given by the Commissioner of Taxes, to whom the question was referred by the “Wairarapa Times-Age,” sports bodies in which the participants do not receive any payment and societies carrying out community or welfare work are exempt. The commissioner states that all corporate bodies are liable for the social security charge, but under the provisions of the Social Security Act, 1938, income which is exempt for the purposes of income tax by virtue of section 78 (K) of the Land and Income Tax Act, 1923 and section 4 of the Land and Income Tax Amendment Act, 1923, is also exempt from the social security charge. Such bodies as the R.S.A.. Plunket Society, bands, Y.M.C.A., Crippled Children Society and amateur sports bodies are exempted. Incomes derived by Automobile Associations and Chambers of Commerce are not exempt.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAITA19390608.2.38
Bibliographic details
Ngā taipitopito pukapuka
Wairarapa Times-Age, 8 June 1939, Page 6
Word count
Tapeke kupu
179SOCIAL SECURITY CHARGE Wairarapa Times-Age, 8 June 1939, Page 6
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Wairarapa Times-Age. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in