Income Tax Rebate Again This Year
WELLINGTON, August 18. Rt. Hon. W. Nash, in his Budget speech to-night, said: “Last year a rebate of up to £lO was made on all income-tax assessments of individuals. This was designed to give relief, particularly to those in the lower-income groups. The result was that no income-tax was payable by individuals whose assessments were not more than £lO, and a flat reduction of £lO was made on all other individual assessments.
“It is proposed to continue this rebate for the 1 current financial year, and a reduction of some £3.3 millions has been allowed for in the estimates of revenue which I have already mentioned”.
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Grey River Argus, 19 August 1949, Page 3
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112Income Tax Rebate Again This Year Grey River Argus, 19 August 1949, Page 3
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