TAX OBLIGATIONS

Wairarapa Times-Age, 13 May 1942, Page 3

TAX OBLIGATIONS

SOCIAL AND NATIONAL SECURITY. INTIMATION BY COMMISSIONER. In an advertisement in this issue the Commissioner of Taxes gives full information as to the obligations of taxpayers and employers in regard to the Registration Fee and the charge on income, recently increased from 2s to 2s 6d in the £. An instalment of the Registration Fee is payable during the present month, together with the first quarterly instalment of the combined Social Security and National Security charge on income other than salary or wages derived during the year ended March 31, 1942. It is important to note that the recent increase of 6d in the £ in the charge on income first applied to the instalment payable this month (on income other than salary or wages derived during the year ended March 31, 1942). This month’s quarterly instalment is accordingly payable at the rate of 2s 6d in the £ instead of 2s as previously. Subsequent instalments will also be payable at the increased rate of 2s 6d in the £. All male and female persons, including Natives, sixteen years of age or over, must pay the Registration Fee or establish a right to exemption in respect of each instalment. Failure to pay renders defaulters liable, on summary conviction, to a fine of £5. In addition, a penally of sixpence per month with a maximum penalty of 2s 6d for each instalment automatically accrues if payment is not made within one month of the due date. All persons who are in receipt of monetary benefits under the Social Security Act, 1938, other than sickness and unemployment benefits, and all persons entitled to payments under the War Pensions Act, must produce their cou-pon-book when claiming the instalment 1 payable in the month of June.