NEW WAGES TAX.

Auckland Star, Volume LXIII, Issue 98, 27 April 1932, Page 3

NEW WAGES TAX.

OPERATIVE ON MAY 1.

SHILLING IN THE POUND

QUARTERLY LEVY ALSO DUE,

POSITION OF OTHER INCOMES.

(By Telegraph.—Parliamentary Reporter.)

WELLINGTON, this day.

In accordance with the terms of the legislation now finally passed by both Houses, the increased unemployment taxation will come into operation on May 1, when the new payments will be chargeable.

The unemployment emergency charge on salary, wages and other income is at the rate* of one penny for each 1/8 in the pound, being equivalent to one shilling in the pound, and this will be imposed at once, according to the provisions of the amending legislation.

It is not the intention of the Government to vary the rate of the tax, 1/ in the pound, in the meantime.

In addition, the quarterly general unemployment lew of 5/ is due on May 1. *

Those with income derived from sources other than salary and wages must also pay the 1/ in the pound tax, whether or not they have paid it on their ordinary salary. This charge is levied on one-third of such income derived during the year which ended on March 31 last, the tax on two-thirds of it, under the old rate, having already been paid.

Domestics arc specifically from nil this taxation.

exempted

Women pay the "..ages tax," but do not have to pay the levy.

THE ADDITIONAL TAX.

EXEMPTION—AND HARDSHIP.

With the exception of those under the age of 10 years, all persons earning a salary or wage, or deriving an income from any source whatever, will find next week a hard one. Not only does the quarterly unemployment levy of 5/ fall due, but the amended tax of one penny on every 1/8, or part thereof, of salary or wages operates. A printed form, which must be filled in by everyone liable to the tax, is obtainable at the post office, for the making of a declaration of income derived other than from salary or wages.

Any woman ordinarily resident in New Zealand who has derived income from any source other than salary or wages is liable on so much of that income as exceeds £20. There is also the hardship clause, which gives the Unemployment Board power to exempt persofs from the liability to pay the emergency charge or the 10 per cent penalty. Application for exemption must be made to the board.

In order to ease the position in the Chief Post Office, where ordinary business is transacted, a special room and staff will be located on the second floor of the C.P.O. to receive payment of the taxes.