BOARD AND LODGING
VALUE TO EMPLOYEES ■ LIABILITY TO TAX (Per Press Association.) WELLINGTON, this day. The Commissioner of Taxes advises '.hat a misunderstanding appeal's to exist as to the liability in respect of tiro value ol board and lodging supplied to employees in terms of their emolovment The position is that under Iho provisions of the Land and Income Tax Act. and the Social Security A'where a person in respect of his employment or service is provided with hoard and lodging or the v.si of a house or quarters or is paid an allowance in lieu thereof, the value o f such benefits is deemed to be salary and wages and liable to Income tax 'and social security charge accordingly. Where, however, an employee's duties necessitate .Iris travelling , and sleeping temporarily away "from iris home or usual place of residence and board and lodging are supplied, or a cash payment in lieu thereof is mace by the employer in terms of an award or otherwise, such board and lodging or cash payment is regarded ar 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
Gisborne Herald, Volume LXVII, Issue 20142, 11 January 1940, Page 5
Word Count
194BOARD AND LODGING Gisborne Herald, Volume LXVII, Issue 20142, 11 January 1940, Page 5
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