UNEMPLOYMENT TAX AMENDMENTS.

Northern Advocate, 10 November 1934, Page 12

UNEMPLOYMENT TAX AMENDMENTS.

Attention is dii’ected to a notice in our advertising columns regarding important changes in the incidence of unemployment taxation, particulars of which are as follows: — 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 12th November, 1934. Income Other than Salary or Wages, —Commencing with the quarterly instalment due on Ist May, 1935: (1) The undermentioned 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 who are. through permanent physical or mental disability, unable to follow any regular employment. Declaration forms for this purpose will be available at all money order offices on and after Ist April, 1935. (2) , 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. 20 years of age are already. exempt. (3) The exemption of £2O granted to women in receipt of income other than salary or wages has been increased to £SO. (4) 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 £SO granted to other females. Default. Assessments.—An interesting provision in the Act, is that the Unemployment 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 whose declaration the board is not satisfied. The amount of tax involved in such an assessment will be payable, unless the person concerned is able to satisfy the board that the assessment is excessive. 81