SALES TAX REMOVAL REDUCES CUSTOMS REVENUE IN WANGANUI
Sales tax removal is now showing its effect, and the amount collected in sales tax by the Wanganui office of the Customs Department during October is tiie lowest it has been for many months. Nevertheless it is nearly £4OGO greater than the amount collected in the corresponding month in 1945, which is indicative of the increased amount of business.
The total customs revenue during October was exactly £40,000, which, although a substantial increase over the £32,006 of October, 1945, is the lowest figure since early this year, and well down on the record amount of about lout: months ago. Customs duties have increased by £3114 from the £9477 of a year ago. The greater release of petrol, which is subject to customs duty of Bd, was the main contributor to this inciease. Petrol duty at 6d per gallon increased by £1376 to £6858. The sales tax increase was by £3954. A substantial decrease (£457) was shown in the beei duty. Details of the revenue, with those of October, 1945, shown for comparative purposes, are as follows:
October, 1946 1945 i £ Customs Duties 12,591 9477 Beer Duty 822 1279 Sales Tax . . . 19,717 15,763 Petrol Duty at Miscellaneous . 6d gal 6858 5472 Total 40,000 32,006
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19461101.2.69
Bibliographic details
Wanganui Chronicle, 1 November 1946, Page 6
Word Count
211SALES TAX REMOVAL REDUCES CUSTOMS REVENUE IN WANGANUI Wanganui Chronicle, 1 November 1946, Page 6
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in