PARSERS' INCOMES

Manawatu Standard, Volume IV, Issue 210, 6 August 1931, Page 8

PARSERS' INCOMES

UNEMPLOYMENT TAX. WELLINGTON, Aug. 6. There Eizs been muon cncernnu sate the basis upon tie income or farmers, large and email, as - ill re ..iXec nnA=r the Unemployment Am. Tne 31m- •~— ef T c.-err. li t. n. G- rt.. Testemnv mat me cnarge cur -- - itnomes will non be computed cn ---- gross income. . .... ~ Reference to taxing legislation stock! lead to tie belief tint _ income rrc-m receipts, and tie rear nad been expressed tent tie collection or 3c. m .he -- - on and wool cheques would re a staggering Pics’ to tne farmers. In r—olvmg to me points raised, me-■ i'. r - ter stated mat the precise basis on e r -Vr the charge on rumen net—=s siil be computed has not jet been decided, nnt tnai it is net mi— mi the. jr should Pe compuiec on gmss m* come. He indicated that regulations on this point- sill be made and puoLsnec the Gazette in the near future. The Minister was also asked whether the Commissioner cf Taxes would issue demand notices m connection with tn—unemployment taxes in respect of mtax on income in 1930-31. and how this tax would be assessed in respect Ijf the income m IC J -1 1 -32 since return.? of income were not usually required until Jane. The Minister said_ the Commissioner of Taxes would not issue demands ror emergency unemployment charge on income other than salaries and wages. The cnarge would re pavable on a declaration to be made to "an authorised officer cf the Post and Telegraph Department or to the Commissioner of Taxes by the person liable for the payment. This applied to income derived during the year ended March 31. 1931. and that ending 31 arch 31, 1932.