SECURITY CHARGES

Manawatu Standard, Volume LXI, Issue 126, 30 April 1941, Page 2

SECURITY CHARGES

In tin's issue appears an intimation from the Commissioner of 'Taxes that an instalment of the registration fee becomes payable on May l, and that on the same date there also fall* due the first instalment of the soeial security and national security charge on income other than salary or wages derived during the year ended March 31, 1941. Payment may be tendered at any money order office.' All male and female person*, including natives, lo years of age or over, must pay the registration fee or establish a right to exemption in respect of each instalment. All persons entitled to exemption, including persons in receipt of an age benefit from the soeial security fund and who are not in receipt of any other income, are reminded that they may bo held liable for payment of the instalment unless a claim for exemption is completed and presented togothcr with the coupon book at a moneyorder ofiiee within seven days after the last day for payment of that instalment. Failure to pay renders defaulters liable, on summary conviction, to a tine of £5. In addition, a penalty of sixpence per month with a maximum penalty of 2s 6u for each instalment automatically accrues if payment is not made within one month of the due date. All male and female persons (including natives) 16 years of age or over, companies not specifically exempted. and trustees who derive trustees’ income which no beneficiary is entitled to receive during the income year, are required during May to furnish in respect of the year ended Maioli 31, 1941, declarations of income other than salary or wages (“nil” or otherwise), and to pay the social security charge and national security tax at the rate ,of 2s in the £ on such income. A penalty of 10 per cent is payable on any amount of the charge not paid within one month of the due date.