CAPITALISATION TAX.
Notice to New Zealand Insurance Company. (Special to the “ Star.”) AUCKLAND, March 5. The Commissioner of Taxes has advised the New Zealand Insurance Co., Ltd., that he has decided that the capitalisation of 4s per share from the reserves, made in August, 1930, is assessable for income tax, as “ dividends or other profits derived from shares or other rights of membership in companies.” The company has notified the shareholders that the matter has now become one for individual shareholders to take up with the Commissioner when they receive their respective demands for the increased tax.
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https://paperspast.natlib.govt.nz/newspapers/TS19320307.2.48
Bibliographic details
Star (Christchurch), Volume XLIV, Issue 366, 7 March 1932, Page 3
Word Count
97CAPITALISATION TAX. Star (Christchurch), Volume XLIV, Issue 366, 7 March 1932, Page 3
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