Social Security Charge

Grey River Argus, 28 October 1948, Page 2

Social Security Charge

In this issue appearsi an intimation from the Commissioner of Taxes that an instalment of the Social Securibr Charge on income other than salarv or wages derived during the year ended March 31, 1948, falls due on November 1 and that a 10 per cent, penalty will be incurred on amounts not paid within one'month of the due date. Attention is also directed to the fact that employers who fail to lieduct and account for wages-tax in respect of salaries, wages or other remuneration, including amount' paid to casual employees engaged on a time, piece-work or contract, basis render themselves liable to severe penalties. The necessity for retaining paj sheets, wages books and receipts-fo wages, salaries or other classes of income. subject to deduction of th charge at the source, for a period of not less than five years is also stressed. Such' records must be available for inspection by any person authorised by the regulations to inspect books or other documents.