SOCIAL SECURITY CONTRIBUTION AND NATIONAL SECURITY TAX

Northland Age, Volume XII, Issue 42, 29 July 1943, Page 1

SOCIAL SECURITY CONTRIBUTION AND NATIONAL SECURITY TAX

Charge on income other than salary or wages: August instalment. The second quarterly instalment of the Social Security Charge and National Security Tax of 2/6 in the £ on income other than salary or wages derived during the year ended 31st March, 1943, falls due on Ist August. Amounts unpaid within one month following the due date incur 1091 penalty. The charge is payable by: (a) All persons aged 16 years or over ordinarily resident in New Zealand (including natives) but exclud- ' ing persons receiving total disability war pensions in respect of service in the 1914-1919 War. (b) All trustees in respect of income derived by the estate or trust, whether or not the beneficiaries are entitled to receive such income during the income year. Payment may be made at any money-order office upon production of the previous receipt or remitted to the Commissioner of Taxes, Wellington, together with the previous receipt or full particulars thereof. Companies and other incorporated bodies are not now required to pay the combined charge by quarterly instalments but in one sum as in the case of in-come-tax. The due date will be fixed by Order-in-Council and an assessment, followed by a demand, will be issued in due course. Social Security Registration Fee : A quarterly instalment (5-7) is payable on Ist August by male persons aged 20 years or over ordinarily resident in New Zealand who ai'e not exempt. Exemption details and forms may be obtained at money-order offices. Every person entitled to exemption (including those receiving Age Benefits under the Social Security Act but no other income) must complete the exemption application form and present it with his coupon-book at a money-order office within 7 days after the last day for payment of the instalment, otherwise payment may be demanded. Full name and postal address must be entered on the relative coupon before payment of any instalment. An employer, employing for more than seven days a person unregistered or in arrear with the Registration fee is liable on summary conviction to a fine of £2O. All persons ordinarily resident in New Zealand must register under the Social Security Act within one month of attaining the age of sixteen and obtain a coupon book. Any person who fails to register within the time .7lowed commits an offence and is liable on summary conviction to a fine of £SO.—J. M. PARK, Commissioner of Taxes.