Company tax all P.A.Y.E.
All companies will be put on a pay-as-you-earn basis for tax in 1973-74 and subsequent years. The present system of company taxation was complex, subsisting and P.A.Y.E. companies paying on different bases, the Minister said. This year, subsisting companies would have paid terminal tax on their _ 197273 incomes in two instalments. They would not be required to pay provisional tax on account of their 197374 incomes on the same instalments. The tax on the 1972-73 incomes of subsisting companies changing to P.A.Y.E. would be payable in 14 equal instalments over the next seven years. The decision of the Government was in line with the recommendations of the majority view of the Taxation Review Committee set up in 1966 to consider all aspects iof taxation in New Zealand, ! the Minister said.
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https://paperspast.natlib.govt.nz/newspapers/CHP19730615.2.13
Bibliographic details
Press, Volume CXIII, Issue 33252, 15 June 1973, Page 1
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134Company tax all P.A.Y.E. Press, Volume CXIII, Issue 33252, 15 June 1973, Page 1
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