INCOME FROM DIVIDENDS.
• Returns of income derived during the year ended March 31st, 1925, will require to have included in them income received from dividends from companies. The Commissioner of Taxes, when seen by a Wellington "Post" reporter on this matter said: ''The form is in all respects the same as that in use for many years past with the exception of "Part A," dealing with "income from dividends from companies," and a slight rearrangement of the form. "Part A" provides for the return by shareholders of the amount of dividends (not interest on debentures) received by them during the year from companies, and gives effect to a recommendation of the recent Taxation Commission. "This recommendation," said tho Commissioner, "was made with a view to ascertaining the practicability of a change in the system of taxation whereby shareholders would be assessed on their company dividends and a corresponding deduction made in the assoSsment yi' the companies.'*'
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Bibliographic details
Press, Volume LXI, Issue 18332, 16 March 1925, Page 8
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156INCOME FROM DIVIDENDS. Press, Volume LXI, Issue 18332, 16 March 1925, Page 8
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