XN000022-1983-01-19 — Page 20

WEDNESDAY, JANUARY 19, 1983

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PAYMENTS OF SALARIES TAX

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TAXPAYERS ARE URGED TO CHECK THE IR DEMAND NOTES TO ENSURE THAT THE FIRST INSTALMENT OF THE TAX DUE IS PAID ON OR BEFORE THE SPECIFIED DUE DATE.

IF THE FIRST INSTALMENT IS NOT SO PAID, THE SECOND INSTALMENT WILL AUTOMATICALLY BECOME DUE IMMEDIATELY. THIS WILL BE STRICTLY APPLIED AND PLEAS FOR OVERSIGHT WILL NOT BE ENTERTAINED, A SPOKESMAN FOR THE INLAND REVENUE DEPARTMENT SAID.

IN ADDITION TO BOTH INSTALMENTS BECOMING IMMEDIATELY PAYABLE TOGETHER, WHERE TAX IS NOT PAID BY THE DATE SPECIFIED IN THE NOTICE, THE COMMISSIONER MAY ORDER A SUM NOT EXCEEDING FIVE PER CENT OF THE TOTAL TAX BE ADDED. THIS SURCHARGE WILL ALSO BE IMMEDIATELY DUE FOR PAYMENT, THE SPOKESMAN ADDED.

HE GAVE THE FOLLOWING EXAMPLES TO ILLUSTRATE HOW THE ARRANGEMENTS WOULD OPERATE :-

EXAMPLE 1

TOTAL TAX DUE

PAYABLE ON

PAYABLE

20.1.83

$22 000

20.1.83

$17 000

20.4.83

$ 5 000

IF $17 000 IS PAID ON 20.1.83. THE SECOND INSTALMENT OF $5 000 IS PAYABLE ON OR BEFORE 20.4.83.

EXAMPLE 2

TOTAL TAX PAYABLE

PAYABLE ON

PAYABLE

20.1.83

20.4.83

$22 000

$17 000

$ 5 000

IF $17 000 IS NOT PAID ON 20.1.83, THE WHOLE AMOUNT OF $22 000 PLUS SURCHARGE $1 100, TOTAL $23 100 IS IN DEFAULT AND ACTION TO RECOVER THE TOTAL AMOUNT WILL BE TAKEN SHORTLY AFTER 20.1.83.

+ IT IS EMPHASISED, THEREFORE, THAT TAXPAYERS WHO WISH TO TAKE ADVANTAGE OF THE TWO INSTALMENTS SHOWN ON THE NOTE MUST ENSURE THAT THE FIRST PAYMENT IS MADE ON OR BEFORE THE DUE DATE SHOWN ON THE IR DEMAND NOTES, HE ADDED.

/PAYMENT MAY

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