Special Income and Wages Tax Act 1934 (NSW)

SPECIAL INCOME AND WAIVES

TAX ACT.

Act No. 18, 1934.

An Act to impose a Special Income Tax on net George v,

assessable incomes; to impose a Wages	—
Tax on income from wages; and for pur­ poses connected therewith [Assented to, 1st November, 1934.]

►E it enacted by tlic King’s Most Excellent Majesty,

by and ivitli tlie advice and consent of the Legis­

lative Council and Legislative Assembly of Nciv South

Wales in Parliament assembled, and by the authority of

the same, as follows ;—

PAKT I.

P eeliminary.

1.        This Act may be cited as the “ Special Income and siiortutic.

Wages Tax Act, 1934.”

2G4	Special Income and Wages Tax Act.
No. IS, 193^ .̂	2. This Act is divided into Parts as follows:—
Division

into Parts.	PART I.—P reliminary— ss. 1, 2.
PART II.—S pecial I ncome T ax—ss. 3-8.
PART III.—W ages T ax—ss. 9-12.

PART II.

S pecial I ncome T ax.

Construction 3. This Part of this Act shall be construed with the

of Part.

Special Income and Wages Tax (Management) Act,

1933-1934.

Levy of

Special 4. There shall be charged, levied, collected and paid

Income Tax.	for the use of His Majesty and for the credit of the Consolidated Revenue Fund, under the provisions of the Special Income and AVages Tax (Management) Act, 1933-1934, and the regulations made thereunder, and subject to the exemptions in that Act contained. Special Income Tax at the respective rates in this Part of this Act provided.
Bales of

Special 5. In respect of the'net assessable income derived by

Income Tax	every person other than a company during the income
on incomes
of persons	year ended on the thirtieth day of June, one thousand
other than	nine hundred and thirty-four, or such other period as
oompanics.	has, prior to the commencement of this Act, been or may, after such commencement, be accepted by the Commis­ sioner under the provisions of the Principal Act in lieu thereof, the rates of Special Income Tax shall be as follows:—

(1) Where during such income year the person

derived no income from employment within the

meaning of that term in the Unemployment

! Relief Aets and no income from wages—

Sixpence in each pound of the first one hundred

pounds of such net assessable income.

Eiglitpence in each pound of so much of such net assessable income as exceeds one hundred pounds and does not exceed two hundred pounds.

Tenpence in each pound of so much of such net assessable income as exceeds two hundred pounds.

.U (2)

Special Income and Wages Tax Act. 265

, , No. 18, 1934

(2) Where during such income year the person also derived income from employment within the meaning of that term in the Unemployment Relief Acts and/or income from wages— —

(a) where the amount of Sixpence in each pound

such income from em­	of so much of such
ployment and/or in­	net assessable in­
come from wages does	come as exceeds the
not exceed one hun­	amount of such in­

dred pounds. ^ , come from employ­ ment and/or income from AÂ ages and does not exceed one hundred pounds.

Eiglitpence in each pound of so much of such net assess­ able income as ex­ ceeds one hundred pounds and does not exceed two hun­

dred pounds. I

Tenpence in each

pound of the bal­ ance of such net assessable income,

(h) where the amount of Eiglitpence in each

such income from em­	pound of so much
ployment and/or in­	of such net assess­

come from Avages able income as ex­

exceeds one hundred	ceeds the amount of
pounds and does not	such income from
exceed tAvo hundred	employment and/or
pounds.	income from wages and does not ex­ ceed two hundred pounds.

Tenpence in each

pound of the bal­ ance of sneb net assessable income.

(c)

266                  Special Income and Wages Tax Act.

No. (8, 1934.

(c) where the amount of Tenpence in each

such income from em-	pound of sncli net
ployment and/or in-	assessable income,

come from wages

exceeds two hundred

pounds.

Jiatcs of

tax ill cer­	6. Where a trust estate falls to be distributed or a income year ending on the thirtieth day of June, one thousand nine hundred and thirty-four, and before the passage of an Act fixing the rate of Special Income Tax in respect of net assessable income derived after such income year and an assessment of Special Income Tax becomes necessary the rates of tax to be paid in respect of such net assessable income shall be those sot out in paragraph one of section five of this Act.
tain special	person is about to leave the State after the close of the
cases.

Kate of Special	7. (1) In respect of the income derived by every
Income Tax

payable under	person (other than a company) not domiciled in tiie State
section ten of
Special Income	and by ever}' foreign company, consisting of dividends
and Wages Tax
(Mnmgeinent)	or interest referred to in section ten of the Special In­
Act, 1D33-1934.
come and Wages Tax (Management) Act, 1933-1934, during tlie income year ended on tlie tliirtietli day of June, one thousand nine hundred and thirty-four, the rate of Special Income Tax shall be tenpence in each pound thereof.
(2) Wliere tlie dividend or interest is paid after the thirtieth day of Juno, one thousand nine lumdrcd and thirty-four, and before tlie passage of any Act fixing the Tate of Special Income Tax for any income year ending at any later dale, the rate of Special Income Tax shall be tenpence in each pound of the dividend or interest.
Kate of

Special 8 . (1) In respect of the net assessable income derived

Income Tax

by every compau}' during the income year ended on the

on ineonics

thirtieth day of June, one thousand nine liundred and

of com-

paniei?.

thirty-four, or sncli other period as lias, prior to the commencement of this Act, been or may, after such com- jnencemont, be accepted by the Commissioner under the provisions of tlie Principal Act in lien thereof, the rates of Special Income Tax shall be teiipenee in each pound thereof.

(2) Where a company is being wound up after the

close of the income year ending on the thirtieth day of

Juno, one thousand nine hundred and thiidy-four, and

before

Special Income and Wages Tax Act. 267

No. 18, 1934.

before tlie passage of an Act fixing the rate of Special Income Tax in respect of net assessable income derived after such income year and an assessment of Special Income Tax becomes necessary, the rate of tax to be paid in respect of such net assessable income shall be tenpence in each iiound of the net assessable income.

PAET III.	/
AVages T ax.

9. This Part of this Act shall be construed with the Construc-

Special Income and AVages Tax (Alanagement) Act,

1933-1934. ■

10. There shall be charged, levied, collected and paid Levy of

for the use of His Alajesty and for the credit of the ^'“gesTax. Special Income and AYages Tax (Management) Act, 1933-1934, and the iregulations made tliereunder, and subject to the exemptions in that Act contained. Wages Tax at the respective amounts or at the respective rates provided in this Part of this Act, in respect of income from wages derived by every person other than a com­ pany during the income year commencing on the first day of July, one thousand nine hundred and thirty-four, and ending on the thirtieth day of Juno, one thousand nine hundred and thirty-five, or so derived during such part of the income year ending on the thirtieth day of June, one thousand nine hundred and thirty-six, not exceeding the first four months thereof, as the Governor by proclamation published in the Gazette before the thirtieth day of June, one thousand nine hundred and thirty-five, shall determine.

11.       AVhere the income from wages earned in any week Rye of

does not exceed three pounds ten shillings, or where the	■	s'’-’
employee is paid fortnightly the income from wages earned in any fortnight does not exceed seven pounds, the amounts of AYages Tax payable shall be as follows:—

(a)	AYhere an employee is paid weekly—
(i) if the income from wages Ninepence.

earned in any week is

’ not less than two pounds and does not exceed two poimds ten shillings (ii)

268                  Special Income and Wages Tax Act.

No. 18, 1934,

(ii)  if the income from wages One shilling and

earned in any week ex- threepence,

ceeds two pounds ten shillings and does not ex­ ceed three pounds.

(iii)  if the income from wages One shilling and

earned in any week ex- ninepence.

ceeds three pounds and does not exceed three pounds ten shillings

(b)	Where an employee is paid fortnightly—
(i) if the income from wages One shilling and

earned in any fortnight sixpence,

is not less than four pounds and does not ex­ ceed five pounds

(ii)  if the income from wages Two shillings and

earned in any fortnight sixpence,

exceeds five pounds and does not exceed six pounds

(iii) if the income from wages Three shillings

earned in any fortnight and sixpence,

exceeds six pounds and does not exceed seven pounds

(e)	Where an employee is paid at other than weekly or fortnightly intervals—
(i) if the income from wages Ninepence f o r

earned in any week is not	e v e r y	such
less than two pounds and	week.
does not exceed two pounds ten sliillings

(Ii) if the income from wages One shilling and

earned in any week ex­	threepence for
ceeds two pounds ten	e v e r y such
shillings and does not	week.
exceed three pounds

(iii) if the income from wages One shilling and

earned in any week ex­	ninepence for
ceeds three pounds and	e v e r y such
does not exceed three	week.
pounds ten shillings

Special Income and Wages Tax Act. 269

No. 18, 1934.

12.        AVliere the income from wages earned in any week

exceeds three pounds ten shillings, or where the employee Kates of

is paid fortnightly the income from wages earned in any oniLomes

over threo

fortnight exceeds seven pounds, the rates of Wages Tax	pounds tea
shall be as follows;—	shillings.

(a)	Where an employee is paid weekly—
(i) on so much of the income Sixpence in each

from ■ wages earned in

any week as does not ex­

ceed two pounds

pound thereof,

(ii) on so much of the income from wages earned in One penny in each

two shillings

any week as exceeds two	and sixpence
pounds and does not ex­	thereof.
ceed four pounds

(iii)   on so much of the income One penny in each

from wages earned in	two shillings
anj ̂week as exceeds four	thereof,

pounds

(b)	Where an employee is paid fortniglitly—
(i) on so much of the income Sixpence in each
• from wages earned in any pound thereof.

fortnight as does not ex­

ceed four pounds

(ii) on so much of the income from wages earned in Twopence in each

five shillings

any fortnight as exceeds	thereof.
four pounds and does not exceed eight pounds

(iii) on so much of the income from wages earned in Twopence in each

four shillings

any fortnight as exceeds	thereof.
eight pounds

(c)	Where an employee is paid at other than weekly or fortnightly intervals—
(i) on so much of the income Sixpence in each

from wages earned in

pound thereof,

any week as does not ex­

ceed two pounds

: ( u ;

270                  Printing and Book Purchasers’ Protection

No, 18, 1934. (Amendment) Act.

(ii) on so much of the income from Avages earned in One penny in each

two shillings

any week as exceeds hvo	and sixpence
pounds and does not ex­	thereof.
ceed four pounds

(iii) on so much of the income One penny in each

from wages earned in	two shillings
any week as exceeds four	thereof.
pounds