Tax Concession For Employers Who Subsidise Troops
[Special to “Northern Advocate ”] WELLINGTON. This Day.
Assistance and encouragement to those employers who are subsidising the military pay of employees serving with the military forces has been given in an amendment. to the Land and Income Tax Act, which was passed by Parliament last session. Operating with respect to the tax for the year of assessment commencing on April 1. 1940, section 4 specified that in calculating the assessable income of any employer, the Commissioner of Taxes may allow as a deduction any sums paid by an employer by way of wages, salary or allowance in respect of any period after the employee has been called up for naval, military or air service, whether within New Zealand or elsewhere. No deduction, however, will be allowed under this section in excess of the rates payable to the employee at the time when he was called up, or in excess of £4 a week, whichever is the lesser.
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https://paperspast.natlib.govt.nz/newspapers/NA19391110.2.89
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Northern Advocate, 10 November 1939, Page 6
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164Tax Concession For Employers Who Subsidise Troops Northern Advocate, 10 November 1939, Page 6
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