INCOME TAX PAYMENTS
THE INSTALMENT SYSTEM (Parliamentary Reporter.) WELLINGTON, last night. According to a statement by tiio Rt. Hon. G. W. Forbes last night, the actual details of the new income tax instalment system, to be inaugurated by legislation ►his week, have Vet to be worked out, but the general idea is that after the initial payment of a portion of the tax, instalments can follow at the discretion of the taxpayer. Mr. Forbes said he was not sure whether tbe practice adopted in Britain woul j be closely followed in the new arrangement here. He thought the method would lie of substantial benefit to the individual who wished to make his payments at half-yearly periods.
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Bibliographic details
Poverty Bay Herald, Volume LIX, Issue 17769, 3 May 1932, Page 5
Word Count
116INCOME TAX PAYMENTS Poverty Bay Herald, Volume LIX, Issue 17769, 3 May 1932, Page 5
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