XN000022-1976-05-22 — Page 4

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SATURDAY, MAY 22, 1976

SALARIES TAX RETURNS EARLY SUBMISSION URGED

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THE COMMISSIONER OF INLAND REVENUE, MR. RONALD GIDDY, SAID TODAY THOSE SALARIES TAXPAYERS WHO HAVE NOT MADE THEIR RETURNS SHOULD DO SO AS SOON AS POSSIBLE.

HE SAID THAT OUT OF 214,000 SALARIES TAX RETURNS FOR THE 1976/77 ASSESSMENT YEAR SENT OUT BY THE INLAND REVENUE DEPARTMENT ON MAY 1, ONLY 37,000 OR 17 PER CENT OF THE TOTAL WERE RECEIVED TO-DATE.

THE COMMISSIONER POINTED OUT THAT SALARIES TAXPAYERS WHO HAD RECEIVED THEIR RETURN FORMS SENT TO THEM BY THE DEPARTMENT ON MAY 1 WERE REQUIRED TO MAKE THE IR RETURNS WITHIN ONE MONTH FROM THE DATE OF ISSUE OR BEFORE MAY 31.

+ALTHOUGH TAXPAYERS MAY TAKE AS LONG AS THEY WISH WITHIN THE ONE-MONTH PERIOD TO MAKE THEIR RETURNS, IT IS HOPED THAT THEY CAN DO THIS AS EARLY AS POSSIBLE SO THAT THE DEPARTMENT CAN HANDLE THE INCOMING RETURNS IN THE MOST EFFICIENT MANNER, HE SAID,

MR. GIDDY REMINDED THE TAXPAYERS THAT THE LAW PROVIDED PENALTY FOR LATE SUBMISSION OF RETURNS.