VALUE OF BOARD.
LIABILITY TO TAXATION.
COMMISSIONER EXPLAINS
(By Telegraph.—Press Association.)
WELLINGTON, this day,
The Commissioner of Taxes advises that a misunderstanding appears to exist, as to liability in respect of the value of board and lodging supplied to employees in terms of tlieir employment. _ The position is that under the provisions of the Laud and Income Tax Act, and the Social Security Act, where a person in respect of his employment or service is provided with board and lodging, or the use of a house or quarters, or b paid, an allowance in lieu thereof, the value of such benefits Js deemed to be salary and wages, and is liable to income tax and social security charge accordingly. Where, however, an employee's duties necessitate his travelling and sleeping temporarily away from his home or usual place of residence, and board Rn.l lodging are supplied, or a cash payment in lieu thereof is made by the employer in the terms of an award or otherwise, sucSi board and lodging or cash payment is regarded as saving the employee from or reimbursing him for the expenditure entailed, and is not liable to tax or charge.
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Bibliographic details
Auckland Star, Volume LXXI, Issue 9, 11 January 1940, Page 8
Word Count
194VALUE OF BOARD. Auckland Star, Volume LXXI, Issue 9, 11 January 1940, Page 8
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