UNEMPLOYMENT LEVY

Wanganui Chronicle, Volume 75, Issue 177, 29 July 1932, Page 9

UNEMPLOYMENT LEVY

INSTALMENT DUE SOON CHAEGE ON INCOME PAYABLE. On Monday, August .1, an instalment of the General Unemployment Levy will become due, the amount, for those who pay quarterly being five shilling”. Thope persons who become liable for payment for the first, time are r»* minded that they may pay quarterly or the whole sum (20”) may he paid in advance. The second instalment of the emergency unemployment charge at the rate of Is in the £ (one penny in every one,shilling and eight pence or pan thereof) on income other than salary or wages Bill also fall due on August ’l. The official receipt issued when payment of the May instalment was effected must be produced when paying the second instalment. In connection wtih this charge there appears to bo some misapprehension as to the liability of overseas income, and it 1* necessary to explain iliat income derived elsewhere than from New Zea land is subject to the charge unless it. can he proved to the satisfaction of the Unemployment Board that it ha« been chargeable in some other country within the British Dominions with a special tax levied in respect of unem ployment. As far as is known. New South Wales is the only place within the British Dominions to impose an unemployment tax on dividends paid to non-resident shareholders. The position will, in the majority of cases, bn apparent from the dividend warrants received, as the deduction is usually shown thereon: this evidence would be satisfactory proof that the income ia exempt in New Zealand. Where only a percentage, as representing that proportion of the -dividend earned within New South Wales, has been subjected to the unemployment tax, only that proportion is exempt from the emergeaicy charge in New Zealand.