UNEMPLOYMENT TAX

Hawke's Bay Tribune, Volume XXIV, Issue 280, 10 November 1934, Page 8

UNEMPLOYMENT TAX

Effect of Recent Amendments The recent alterations in the incidence of unemployment taxation show substantial concessions, and the following summary gives the details of how various classes of wage-earners and pensioners are affected by the changes. In the matter of salary or wages, all persons under the age of 20 years are exempt from payment of the wages tax on any remuneration earned on or after November 12, 1934. Income other than salary or wages. — Commencing with the quarterly instalment due on May 1, 1935, the following persons may declare their exemption from payment of the tax on income other than salary or wages provided their total income for the twelve months on which the tax is assessable did not exceed £104: (a) Females 60 years of age or over; (b) males 65 years of age or over; (c) persons of either sex W’ho are, through permanent physical or mental disability, unable to follow any occupation. Declaration forms for this purpose will be available at all money order offices on and after April 1, 1935. Exemption is provided for females in receipt of pensions under 'the Pensions Act, 1926, and also for all females under the age of 20 years. Males under twenty years of ago are already exempt. The exemption of £2O granted to women in receipt of income other than salary or wages has been* increased to £5O. All natives, male or female, who have attained the age of 20 years, are now liable. Hitherto they have been required to pay the tax only on salary and wages. Female natives are, of course, entitled to the exemption of £5O granted to other females. Default assessments. —An interesting provision in the Act is that the Unemnloyment Board is empowered to make' an assessment of the tax payable by any person who has failed to submit a declaration of income or with whoso declaration the board is not satisfied. The amount of tax involved in such an assessment will bo payable, unless the person concerned is able to satisfy the board that th-. assessment is excessive.