XN000022-1990-05-13 — Page 8

SUNDAY, MAY 13, 1990

7

COMPLETION OF SALARIES TAX RETURNS

THE INLAND REVENUE DEPARTMENT TODAY (SUNDAY) REMINDED TAXPAYERS THAT THE IMPLEMENTATION OF SEPARATE TAXATION FOR MARRIED COUPLES EFFECTIVE FROM APRIL 1 THIS YEAR REQUIRES TAXPAYERS TO REPORT ONLY HIS OR HER OWN EMPLOYMENT INCOME.

"SALARIES TAX RETURNS FOR 1989-90 FINAL ASSESSMENT AND PROVISIONAL PAYMENT WERE ISSUED ON MAY 1.

1990-91

"FOR MARRIED TAXPAYERS, THEY ARE REQUIRED TO STATE IN OF THE RETURN WHETHER THEIR SPOUSES HAVE ANY EMPLOYMENT INCOME THE YEAR ENDED MARCH 31, 1990, A SPOKESMAN SAID.

PART F DURING

HE SAID TO CLAIM CHILD ALLOWANCE, A MARRIED COUPLE WHO ARE BOTH EMPLOYED MUST NOMINATE WHICH OF THEM IS TO CLAIM THEIR TOTAL ENTITLEMENT TO CHILD ALLOWANCE.

"THE NOMINATION IS VALID FOR THE CURRENT YEAR ONLY AND THEY MAY MAKE A DIFFERENT NOMINATION IN SUBSEQUENT YEARS.

THE ALLOWANCES AND TAX RATES ON INCOME EARNED DURING THE

THE FOLLOWING TABLE EXHIBITS APPLICABLE FOR COMPUTING SALARIES TAX PERIOD FROM APRIL 1, 1989 TO MARCH 31, 1990:

ALLOWANCES

I.

YEAR OF ASSESSMENT

1989-90

BASIC ALLOWANCE

PRESCRIBED AMOUNT

32,000

ADDITIONAL AMOUNT (SUBJECT TO 10 PER CENT

7,000

CLAWBACK)

MARRIED PERSON'S ALLOWANCE

PRESCRIBED AMOUNT

66,000

ADDITIONAL AMOUNT (SUBJECT TO 10 PER CENT

14,000

CLAWBACK}

CHILD ALLOWANCE

FOR THE 1ST CHILD

13,000

FOR THE 2ND CHILD

9,000

FOR THE 3RD CHILD

3,000

FOR EACH OF THE 4TH TO 6TH CHILD FOR EACH OF THE 7TH TO 9TH CHILD

2,000

1,000

/DEPENDENT PARENT