Income Tax
p. 22 · Read in the full issue
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Income Tax for P-NG
P. Moresby, April 13—Ad ministrator Cleland announces that Australian Cabinet has decided to — 1. Introduce Income Tax Bills at Legco meeting April 20. 2. Carry Bills to second read ing and adjourn them to June session. 3. Completely abolish all ex port taxes —bills to do this to be introduced at the June session. 4. “Significantly” change the system of import duties.
He gave no indication of dates of these changes, but it is presumed income tax will be on 1958-59 incomes, while export and import duty changes will take place from July 1, 1959. Mr. Cleland said that Federal Cabinet had made its decision after con sidering the protest petition received by the Legislative Council and the Council’s de bate on the proposed tax.