SECURITY TAXATION
OBLIGATIONS OF COMPANIES OFFICIAL EXPLANATION (By Telegraph.—Press Association) WELLINGTON, Tuesday The position regarding the payment of the social security charge by companies whose annual accounts are balanced too late for a declaration to be furnished by May 31 was officially explained yesterday. If a company is unable on or before May 31, 19311, to complete its accounts for its year ended, say, on Aprd 30, 1939, and furnish the necessary declaration as to income derived during that year, it must, on or before May 31, 1939, furnish in terms of regulation 16 a “provisional” declaration showing the income derived by the company during its last preceding year and pay the first quarterly instalment of the charge upon the basis of the income in such “provisional” declaration. Any necessary adjustment in the amount of charge payable will be made when the return showing the income actually derived is furnished by the company. Similar procedure must be followed in each subsequent year in which the company is unable to furnish the complete declaration before May 31.
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Waikato Times, Volume 124, Issue 20743, 1 March 1939, Page 12
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176SECURITY TAXATION Waikato Times, Volume 124, Issue 20743, 1 March 1939, Page 12
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