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Income tax instalments



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FOR PELS3

ITC QI.3S TAa IRgiALrioRTS . 1 ,

' P . :

Regulations were gazetted, today prescribing

reduced tax instalments to be deducted from salaries and

wages payable on and after 1st October, 1959. . ' ·

The new tax instalment schedules reflect the

5 per cent reduction in income tax payable by individuals

for the current financial year announced by the Treasurer

in his Budget opeech on 11th August, 1959·

Few schedules of tax instalment deductions will

be available shortly at all Post Offices and Taxation Offices.

♦

CANBERRA

24th September, 1959