INCOME TAX
SPORTS BODIES' POSITION
"Ilicome tax" is a new item in the Wellington Eugby Union's balancesheet, and no doubt it will also appear in the financial statements presented by other sports bodies. With reference to this, tiie Wellington Rugby Union has the following item in its annual report:—
"It was always understood that sports bodies wore exempt from income tax, and demands have not been made in former years. Last year, however, the union was assessed for taxation on all receipts other than gate moneys and club subscriptions in respect of the 1931 and 1932 seasons. Other unions were similarly assessed, and the Now Zealand Rugby Union' took the matter up with the Government, in an endeavour to have the demands withdrawn. The effort was unsuccessful, the Commissioner of Taxes holding that sports bodies did not come within the exemption clnuses. The Government was sympathetic towards the request, and during the last session of Parliament legislation was passed providing for the exemption of sports bodies. The item is, therefore, non-recurring, and the. action of the in the matter is much appreciated.
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https://paperspast.natlib.govt.nz/newspapers/EP19340227.2.105
Bibliographic details
Evening Post, Volume CXVII, Issue 49, 27 February 1934, Page 10
Word Count
182INCOME TAX Evening Post, Volume CXVII, Issue 49, 27 February 1934, Page 10
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