UNEMPLOYMENT TAX
REGULATIONS AMENDED Attention is directed to a notice, in the advertising columns regarding important changes in the incidents of unemployment taxation, particulars of which are us follow- : Salary or wages.—-All persons under the age of £0 years are exempt from payment of the wages tax on any remuneration earned on or after November 12, 1934. Income other than salary or wages.— Gommeiicing witli the quarterly instalment due on May 1, 1935:—(1) The undermentioned persons may declare their exemption from payment of the tax on income other than salary or wages provided their total income for the 12 months on which the tax is assessable did not exceed £lO4. (a) Females 60 years of age or over; (b) males 65 years of age or over; (c) persons of either sex who are, through permanent physical oi' mental disability, unable to follow any regular employment. Declaration forms for this purpose will be available at all money order oil ices on and after April 1, 1935. (2) Exemption is provided for females in receipt of pensions under the Pensions Act, 1926, and also for all females under the age. of 20 years. Males under 20 years of age are already exempt. (3) Tlie exemption of £2O granted to women in receipt of income other than salary or wages has been increased to £SO. (4) All natives, male or female, who have attained the age of 20 years are now liable. Hitherto they have been required to pay the tax only on salary and wages. Female natives are, of course, entitled to the exemption of £SO granted to other females. An interesting provision in the Act is that the Unemployment Board is empowered to make an assessment of Die tax payable by any person who lias failed to submit a declaration of income or with whose declaration the board is not satisfied. The amount of tax involved in such an assessment will be payable, unless the person concerned is able to satisfy the board that the assessment is excessive.
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Bibliographic details
Poverty Bay Herald, Volume LXI, Issue 18551, 10 November 1934, Page 6
Word Count
337UNEMPLOYMENT TAX Poverty Bay Herald, Volume LXI, Issue 18551, 10 November 1934, Page 6
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