Home' Trinidad and Tobago Guardian : July 3rd 2015 Contents B26
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Guardian www.guardian.co.tt Friday, July 3, 2015
Ministry of Finance and the Economy
INLAND REVENUE DIVISION
TAX INFORMATION BULLETIN
JULY's TIPS & REMINDERS
THE CLAIM FOR TRAVELLING
Travelling allowance is a taxable allowance. However, there are instances where this allowance may be exempt from
tax. The tax laws provide that travelling expenses incurred in the performance of duties can be offset against your
The amount of the
is recorded on the TD4 Certificate in box 6. The Tax Return Form provides for an
amount for travelling
You are required to prepare and submit a statement of expenses incurred to maintain
and upkeep your motor vehicle for the income year. You will be allowed to claim up to 2/3 of that amount as a trav-
elling expense on your Tax Return.
Some employers apply for a Travelling Dispensation on behalf of their employees. This is an approval to pay an
employee (who is required to travel in the performance of his duties), an approved amount as a travelling allowance
without deducting taxes. Approval in this case must be sought from the Taxpayer Services II Section, of the Inland
If an employee receives a Travelling Dispensation, (this figure is shown in box 10 of the TD4 Certificate), and the
amount of the allowance received by the employee is the same amount of the dispensation, there is no further benefit
for the employee since no tax was paid. However, if the amount of the travelling allowance exceeds the amount of the
approved dispensation, the amount in excess of that approved amount is subject to tax and will be stated in box 6 of
the TD4 Certificate. In this case the above directions apply i.e. a statement of the expenses should be prepared. You
should then calculate 2/3 of this amount(i.e. the amount on the statement), and deduct the sum that was given as a
dispensation from it to determine the correct figure to be submitted as a Travelling Expense on your tax Return.
o PAYE/Health Surcharge Returns and Remittance for June 2015 deductions
o Financial Services and Insurance Premium Tax Returns and Remittances for June 2015
o Quarterly Gaming Taxes for the Third Quarter of Income Year 2015
o VAT Return and payments are due for period May - June 2015. Late payment results in 8% penalty and
interest at the rate of 2% per month or part thereof
o HOTEL ACCOMMODATION TAX RETURN together with the remittance of the 10% tax deduction for
o VAT registrants in Category A, your period ends on the last day of this month.
Our Tax Information Bulletin is printed in your daily newspapers every 1st Friday of the month.
Taxpayer Relations Section
623-2981 - Ext 321, 431, 432, 323-325
Phone-based surveys show that nearly four of
every ten kids and teens in the US were exposed
to violence or abuse over the previous year,
researchers have found.
"Children are the most victimised segment of the
population," said study leader David Finkelhor of the
Crimes Against Children Research Center at the
University of New Hampshire in Durham.
"The full burden of this tends to be missed because
many national crime indicators either do not include
the experience of all children or don t look at the
big picture and include all the kinds of violence to
which children are exposed," Finkelhor told Reuters
Health by email.
While the rates are not going up, "the problem is
that there is still way too much," he said.
The National Survey of Children s Exposure to
Violenceis based on information on 4,000 kids age
17 and younger.
The interviewers asked about conventional crime,
child maltreatment, peer and sibling abuse, sexual
assault, indirect exposure to violence and witnessing
violence to others, and Internet violence.
About 37 per cent of kids had been physically
assaulted over the previous year, and almost 10 per
cent were injured as a result, the researchers found.
Two per cent of girls had been sexually assaulted or
abused, including more than four per cent of girls
age 14 to 17.
About 15 per cent had experienced maltreatment
by a caregiver. Almost six per cent had witnessed
violence between their parents.
These numbers are similar to what s been found
in previous studies in the US and elsewhere, said Dr
Andreas Jud of Lucerne University of Applied Sciences
and Arts in Switzerland.
Most maltreatment incidents occur within the
family, according to John Fluke, a child welfare schol-
ar-in-residence at the University of Denver in Col-
In the social service population and in his own
study, neglect is the predominant form of maltreat-
ment, Fluke told Reuters Health by email.
"Violence and abuse in childhood are big drivers
behind many of our most serious health and social
problems," Finkelhor said. "They are associated with
later drug abuse, suicide, criminal behaviour, mental
illness and chronic disease like diabetes." (Reuters)
Exposure to air pollution may hasten
brain aging, a new study has found.
Researchers studied 1,403 women
without dementia who were initially
enrolled in a large health study from 1996
to 1998. They measured their brain vol-
ume with MRI scans in 2005 and 2006,
when the women were 71 to 89 years
Using residential histories and air pol-
lution data, they estimated their exposure
to air pollution from 1999 to 2006. They
used data recorded at monitoring sites
on exposure to PM 2.5---tiny particulate
matter that easily penetrates the lungs.
Each increase of 3.49 micrograms per
cubic centimeter cumulative exposure to
pollutants was associated with a 6.23
cubic centimeter decrease in white matter,
the equivalent of one to two years of
The association remained after adjust-
ing for many variables, including age,
smoking, physical activity, blood pressure,
body mass index, education and income.
Previous studies have shown that air
pollution can cause inflammation and
damage to the vascular system, but this
study, in The Annals of Neurology,
showed damage to the brain itself.
"This tells us that the damage air pol-
lution can impart goes beyond the cir-
culatory system," said the lead author,
Dr Jiu-Chiuan Chen, an associate pro-
fessor of preventive medicine at the Keck
School of Medicine at the University of
Southern California. "Particles in the
ambient air are an environmental neu-
rotoxin to the aging brain." (NYT)
Pollution may age the brain
YOUR DAILY HEALTH
News and advice
in ten US
"Children are the most victimised segment of the
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