SALES TAX REVENUE

Poverty Bay Herald, Volume LX, Issue 18067, 19 April 1933, Page 6

SALES TAX REVENUE

OVER £SOO PAID TO DATE MAJOR PAYMENTS TO COME So far as Gisborne is concerned, the application of the sales tax legislation j appears to have touched only the fringe of the new taxation field up to date. Yet over £SOO lias been netted for the consolidated fund from the small proi rtiin of the taxable turnover on which assessments have been made in Gisborne since the sales tax came into force on February 9. Up to last evening, the Customs Department officials in Gisborne had collected £591, practically the whole of this amount being levied on importations handled through the customs in the ordinary way. Returns from wholesale houses, manufacturing retailers, and other divisions of merchants through whom the sales tax is collectable, have still to come to hand. The sum of £591 mentioned above is subject to some adjustment, in respect of cargo landed ex the Home liner Akaroa. This vessel entered New Zealand waters a few hours prior to the actual operation of the sales tax, it lias been determined, and those who paid taxation on goods landed from the Akaroa are therefore entitled to refunds. Wholesalers and manufacturing retailers will note with interest that the time allotted for applications to the Customs Department, under the sales tax legislation, expires to-day. The department has arranged to give some latitude in respect of the lodging of applications, but those who neglect their obligations need not expect an individual reminder, j or warning as to action on the part of the department to enforce the rogula- J tions. Returns of sales, required under i the sales tax. are due at the end of the current month, and businessmen in other rent res have found difficulty arising from the fact that no list of licensed wholesalers is available. A list of those I Censed in Gisborne to date, would be very short indeed, and business men geiieially are advised to make themselves I conversant with what is required of them under the new taxation legislation, j in order to protect their own interests and minimise the difficulties of complying with their obligations.