OBLIGATIONS OF TAXPAYERS

Wairarapa Times-Age, 30 April 1943, Page 2

OBLIGATIONS OF TAXPAYERS

SOCIAL & NATIONAL SECURITY.

In this issue appears an intimation from the Commissioner of Taxes in connection with the obligation of taxpayers in regard to the Registration Fee, the furnishing of declarations of income other than salary or wages and the payment of the May instalment of the charge thereon at 2s 6d in the pound.

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. All persons entitled to exemption, including persons in receipt of an age benefit from the Social Security Fund and who are not in receipt of any other income, are reminded that they may be held liable for payment of the instalment unless a claim for exemption is completed and presented together with the coupon book at a Money Order Office within 7 days after the last day for payment of that instalment.

All male and female persons (including Natives) sixteen years of age or over, and trustees are required, during the month of May, to furnish declarations of income other than salary or wages derived during the year ended March 31, 1943, and to pay the first quarterly instalment of Social Security Charge and National Security Tax at the rate of 2s 6d/in the £ on such Trustees are liable on all income derived by an estate or trust, whether or not the beneficiaries are entitled to receive such income during the income year. A special form is provided for the purpose of declarations by trustees. The notice draws attention to an important change in the procedure to be followed by companies or corporate bodies. Declarations of income are no longer required and companies will be assessed for Social Security Charge and National Security Tax on the basis of the return of income furnished for income tax purposes. The combined charge will be payable in one sum instead of by quarterly instalments as hitherto. The due date for payment will be fixed by Order-in-Council and demands will be issued in the same manner as for income tax. ■