NO APPORTIONING OF INCOME.
TAX ON ALL RECEIVED AFTER MARCH 31. MONEY EARNED 'BEFORE AND PAH) AFTER APRIL h AUCKLAND, March 3. It is authoritatively stated that wages or other income paid from the time the Social Security Act cornea into operation on April 1, even though they may cover a previus period, will be subject to the tax under the legislation of Is in the £l. Taxation is paid, according to this authority, at the rate in force at the time of the payment of the wages, salary or. other l income. No apportionment is therefore permissible whereby that part of the sum representing services contributed before April 1 would be assessed for taxation at the Employment Act rate of 8d in the £1 and thereafter at the Social Security Act rate. April 1 falls on a Saturday. While weekly wages and salaries paid on that day will therefore be subject in full to "the social security tax, if, in pursuance of practice, they are paid on the Friday or an earlier day in the week, they will be subject to 8d in the £1 only. Some firms end their wages week on days other than Saturday or Sunday. There will, of course, be n 0 allowances in taxation at the 8d rate when such wages are paid in the week following the inception of social security.
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https://paperspast.natlib.govt.nz/newspapers/WSTAR19390307.2.22
Bibliographic details
Western Star, 7 March 1939, Page 3
Word Count
228NO APPORTIONING OF INCOME. Western Star, 7 March 1939, Page 3
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