CHARGE ON INCOME

Waipukurau Press, Volume XXVIII, Issue 122, 18 May 1932, Page 6

CHARGE ON INCOME

AND UNEMPLOYMENT LEVY BOTH NOW DUE A further reminder is given of the duty imposed by the Unemployment Amendment Act, 1932, in connection with the emergency charge on income other than salary or wages. Nnder the Unemployment Amendment Act, 1931, this charge was payable on one-third of the income for the year ended 31st March, 1932; but in the Unemployment Amendment Act, 1932, two important changes are made: the amount of the charge is increased, and it is payable on the whole of the income other than salary or wages, derived during the year ended 31st March, 1932. The due dates of payment of the charge on income are the first days of May, August, November, and February, upon which dates the unemployment levy also falls due. The charge on income and the levy may be paid in quarterly instalments, or two or more instalments of the charge may be paid if desired. If payment is made of only one. instalment of the charge, the rate will be one penny for each Is 8d of one-fourth of the income for the year ended 31st March, 1932. Further important clauses in the Unemployment Amendment Act,. 1932, provide for the payment of the emergency tax on other income by all women whose income other than salary or wages is in excess of £2O per annum, and for the exemption of persons under 16 years of age from liability for the tax on wages. It is desired that when payment of the levy is being made there shall also be completed a declaration regarding income other than salary dr wages. It is optional .whether the amount of the income is declared to the Commissioner of Taxes or to the Post Office, but undei' unemployment legislation it is necessary that one should declaration be made. If no income except salary or wages has been received, a form to declare that fact is provided at all money-order offices. The making of a declaration of income under the Unemployment Amendment Act is separate and distinct from the making of a return of income for land and income tax pur-> poses. The fullest information and all' necessary forms may be obtained at all money order offices.