Financial Emergency Tax Act 1937 (WA)

No. 33.] Financial Emergency Tax. [1937.

FINANCIAL EMERGENCY TAX.

1° AND 2° GEO. YE, No. XXXIII.

No. 33 of 1937.

AN ACT to impose and fix the Rate of a Tax, to be called the Financial Emergency Tax, upon in- come, salary and wages.

[Assented to 18th January, 1938.]

BE it enacted by the King's Most Excellent Majesty,by and with the advice and consznt of the Legis- lative Council and Legislative Assembly of Western Australia, in this present Parliament assembled, and by the authority of the same, as follows :—

Short title. 1.

This Act may be cited as the Financial Emergency Tax Act,1937, and shall be read as one with the Financial Emergency Tax Assessment Act, 1932, and its amend- ments.

Imposition of

tax.

2.

For the purpose of the Financial Emergency Tax Assessment Act, 1932, and its amendments (hereinafter called the Assessment Act), financial emergency tax is imposed at the rates declared by this Act.

(1.) For the purpose of section three of the Assess- ment Act it is hereby declared that the rates of tax pay- able for the financial year ending on the thirtieth day of

3.

1937.] Financial Emergency Tax. [No. 33.

June, one thousand nine hundred and thirty-eight, on income of a taxpayer (not being a company) for the year of income ending on the thirtieth day of June, one thou- sand nine hundred and thirty-seven, shall be in accord- ance with the several rates prescribed in the First Part of the Schedule to this Act:

Provided that, in the case of a person whose income for the said year of income was not less than one hundred and ninety-five pounds but did not exceed two hundred pounds, and who proves to the satisfaction of the Commissioner that he is regularly maintaining or con- tributing to the maintenance of one or more members of his family who is or are resident and domiciled in West- ern Australia the rate of tax shall be subject to a rebate of fifty per centum:

Provided further, that in any case where the income of a taxpayer does not exceed one hundred and four pounds for the said year of income the tax shall not exceed seven- teen shillings and fourpence.

(2.) (a) For the purpose of section three of the Assessment Act the following are declared to be the rates a"d NvGges.

of tax payable for the financial year ending the thirtieth day of June, one thousand nine hundred and thirty-eight, on salaries and wages :—

(i) In respect of salaries and wages paid or received in the first six months of that financial year, namely, in the six months ending on the thirty- first day of December, one thousand nine hun- dred and thirty-seven, the several rates declared by and in accordance with the provisions of the Second Part of the Schedule to the Financial Emergency Tax Act (No. 3), 1936;

(ii)    in respect of salaries and wages paid or received in the remaining six months of that financial year, namely, in the six months ending on the thirtieth day of June, one thousand nine hun- dred and thirty-eight, the several rates declared in the Second Part of the Schedule to this Act.

(b) Unless Parliament otherwise determines, the rates declared in the Second Part of the Schedule to this Act shall also apply in respect of salaries and wages paid or received in the period of six months ending on the thirty- first day of December, one thousand nine hundred and thirty-eight :

No. 33.] Financial Emergency Tax. [1937.

Provided that, where the salary or wages does not ex- ceed two pounds per week, the amount of tax payable under the provisions of this subsection shall not exceed fourpenee per week.

Rate of tax

payable by

(3.) For the purpose of section eight of the Assess- ment Act it is hereby declared that the several rates specified in the Third Part of the Schedule to this Act shall be the rates of tax payable for the year of assess- ment ending on the thirtieth day of June, one thousand nine hundred and thirty-eight, by companies on profits made or on interest on investments or on premiums re- ceived (as the case may require), in respect of which a payment of duty is payable under the provisions of the Dividend Duties Act, 1902, and its amendments.

Companies

THE SCHEDULE.

FIRST PART.

Rates of Tax Payable by Persons Earning or Deriving Income.

Column 1. Column 2.

Rate of tax payable by a person who

proves to the satisfaction of the

Commissioner that he is regularly

maintaining or contributing to the

maintenance of one or more members	Rate of tax payable by other Persons.
of his family who is or are resident and domiciled in Western Australia.

(a) (b) (a) (b)

Where the income for	Rate of tax	Where the income for	Rate of tax
the whole year ended	payable per	the whole year ended	payable per
the 30th day of June,	pound of	the 30th day of June,	pound of

1937— income. 1937— income.

is £200 or more but is Fourpence is £78 or more but does Fourpence

less than £260 not exceed £200

is not less than £260 Fivepence exceeds £200 but is less Fivepence

but less than £338 than £312

is not less than £338 Sixpence is not less than £312 Sixpence

but less than £416 but less than £416

is not less than £416 Sevenpence is not less than £416 Sevenpence

but less than £494 but less than £494

is not less than £494 Rightpence is not less than £494 Eightpence

but less than £572 but less than £572

is not less than £572 Ninepence is not less than £572 Ninepence

but less than £650 but less than £650

is not less than £650 Tenpence is not less than £650 Tenpence

19371 Financial Emergency Tax. [No. 33.

THE SCHEDULE—continued.

SECOND PART.

Rates of Mx Payable by Perso, s in Receipt of Salary or Wages.

Column 1. Column 2.

Rate of tax payable by a person who

proves to the satisfaction of the

Commissioner that he is regularly

maintaining or contributing to the	Rate of tax payable by other Persons.
maintenance of one or more members of his family who is or are resident and domiciled in Western Australia.

(a) (b) (a) (b)

Rate of ta Rate of tax

Where the weekly rate	payable pe	Where the weekly rate	payable per
of salary or wages	pound of	of salary or wages	pound of
salary or	salary or

wages. wages.

is £3 17s. Od. or more Pourpence is £1 10s. Od. or more Fourpence

but is less than £5

but not more than

£3 17s. Od.

is not less than £5 but Fivepence exceeds £3 17s. Od. but Fivepence

less than £6 10s. Oil. is less than £6

is not less than £6 10s. Sixpence is not less than £6 but Sixpence

Od. but less than £5 less than £8

is not less than £8 but Sevenpence is not less than £8 but Sevenpence

less than £9 10s. Od. less than £9 10s. Od.

is not less than £9 10s. Eightpence is not less than £9 10s. Eightpence

Os. but less than £11 Od. but less than £11

is not lees than £11 but Ninepence is not less than £11 but Ninepence

less than £12 10s. Od. less than £12 10s. Od.

is not less than £12 10s. Tenpence is not less than £12 10s. Tenpence

Os. but less than £14 Od. but less than £14

No. 33.] Financial Emergency Tax. [1937.

THE SCHEDULE—continued.

THIRD PART.

Tax Payable by Companies.

(a)

Companies which carry on any insurance or assurance business exclusively (not being a life assurance company)—sixpence in respect of every three pounds two shillings and sixpence of the premiums received by every such company and liable to assessment under section eight of the Assessment Act.

(b)

Other companies :—On profits of any other company (not being a life

assurance company) and on interest received by a life assurance com-

pany from its investments the rates of tax shall he in accordance with

the following scale :—

Where the profit made or interest received for the period Rate of tax pay-

of assessment under the Dividend Duties able per pound of

Act, 1902, and it amendments profit or interest.

is less than £200 ... Fourpence

is not less than £200 but less than £312	Fivepence
is not less than £312 but less than £416	Sixpence
is not less than £416 but less than £494	Sevenpence
is not less than £494 but less than £572	Eightpence
is not less than £572 but less than £650	Ninepence Tenpence