INCOME TAX.
(From Our Own Correspondent.) WELLING IOX, February 20. It will, of course, be impossible to do anything in regard to the payment of income tax in the direction asked for bv seme business men, who have evidently a, very hazy idea of the position. Jf any Finance Minister agreed to the payment of only one instalment at the end of the financial year he would need to have three ins'talments paid during the next year, otherwise ho would lose half a year's income tax, a thing no Finance Minister could agree to. If anything is to be done in regard to making the tax payable in two instalments it would require to ho done at tne beginning, and not at the end of the financial year.
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Bibliographic details
Otago Witness, Issue 3494, 22 February 1921, Page 25
Word Count
128INCOME TAX. Otago Witness, Issue 3494, 22 February 1921, Page 25
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