SOCIAL SECURITY CHARGE ON INCOME

Te Puke Times, Volume XXXVIII, Issue 49, 1 July 1949, Page 2

SOCIAL SECURITY CHARGE ON INCOME

TO BE PAID IN TWO EQUAL INSTALMENTS' The Commissioner of Taxes draws attention to a notice appearing in this issue regarding the Social Security Charge of 1/6 in the £ payable on income other than salary or wages and in particular to tlie amended dates for the payment of such charge. In previous years the charge was payable in four quarterly instalments, but commencing with income derived during the year ended March 31, 1949, the charge is now due and payable in two equal instalments falling due on July 1 and November 1. Persons liable to pay the charge or required to furnish in July, 1949, a declaration of income other than salary or wages derived during the year ended March 31, 1949. The first instalment of the charge thereon, which should accompany the declaration, is due on July 1, 1949, and must be paid within one month of that date otherwise the 10 per cent penalty for late payment will accrue. Wages Tax Attention is also directed to the fact that employers who fail to deduct and duly account for wages-tax in respect of all wages paid, including amounts paid to casual employees engaged on a time, piecework or similar basis, render themselves liable to severe penalties. The necessity for retaining pay sheets, wages books and receipts for wages, salaries or other classes of income subject to deduction of the charge at the source, for a period of not less than 5 years is also stressed. Such records must be available for inspection by any person authorised by the Regulations to inspect books and documents.

WEDDING INVITATIONS or SOCIAL CARDS are specially treated at our printing works. —“Te Puke Times.”