The Hawaiian gazette., 1901-05-10

make ana render 60 the Assessor 90 We
I Tax Division. between the first aud thir.
[ ty.hrst days % August w every year he.
SHINING with the year Eighteen Hundred
ana Ninety. Seven. fun return verified
hy oath or affirmation. in such form as
the Minister ct Finance may prescribe,
of an the following matters for the whole
twelve months ending June anth last PIE.
ccding the date OF such return
First The gross receipts OF such COR
poration from sJics made at home and
abroad, and from all kinds OF business OF
every name ana nature.
Second The expenses Of such corpora
ton exclusive % interest, annuities aud
dividends.
Third. The net profits OF such corpora
tlon without allowance FOR interest, an
nuitios and dividends
Fourth The amount paid on account of
interest. annuities ana dividends stated
separately
Firth. The amount paid in salaries OF
more than six hundred dollars to each
person employed and the name and ad-
dress of zach Of such persons, and the
amount paid to each.
INCOMES OF MORE THAN $500 TO
BE RETURNED.
Section O. 1t shall be the duty Of all
persons Of lawful age having an income
of more than fifteen hundred dollars for
the taxable year from all sources, com
puted on the basis herein prescribed, and
of all corporations made liable to income
tax, to make and render "A list or return,
between the first and thrty-irst days
of August in each year, in such form
and manner as may be directed by the
Minister of Finance, to the Assessor or
the Division in which such persons or
corporation reside, locate or does bust
ness of the amount of their or its in
come, gains and profits as aforesaid; and
all guardians, trustees, executors, adj
ministrators agents, receivers, and all
persons or corporations acting in any
fiduciary capacity, shall make and rem
der a list or return as aforesaid, to the
Assessor of the Division in which such
person or corporation acting in iidu-
ciary capacity reside or does business, of
the amount of income, gains and profits
of any minor or person for whom they
act, but persons having an income of
fifteen hundred dollars or of a less
amount are not required to make such
report and the Assessor shall require
every list or return to be verified by the
oath or affirmation of the party or of
the President, Vice President or Mana
ger of the corporation, or in the case of
foreign corporations, of the Resident
Manager or Agent of the corporation
rendering 1t. And If any person or the
President, Vice President or Manager of
any corporation, or in the case of for
eign corporations, the Resident Manager
or Agent shall refuse or neglect to rem
der such return within the time required
as aforesaid or whenever any person or
corporation who is required to deliver
such return of income fails to do so at
the time required or delivers any return
which. in the opinion of the Assessor, is
false or fraudulent, or contains any I'M
reinstatement, it shall be lawful for the
Assessor to summon such person, Presi- |
dent, Vice President, Manager, Resident |
Manager or Agent of or any person hav-
ing possession, custody or care of books |
of account containing entries relating to |
the business of such person or corpora
ton, or any other person he may deem |
proper, wherever residing or found, to
appear before him and produce such
books, at time and place named in the
and to give testimony or an
swer Interrogation under oath, respect
ing any objects liable to tax or the re-
turns thereof
NTS-INSPECTION-
PENALTY.
Section 6. 1t shall be the duty of every
doing business for profit to
keep full, regular and accurate books of
account upon which all its transactions
shall be entered from day to day in reg
ular order, and whenever the Assessor of
the DIVISION In Wnicn any corporation Is
assessable shall believe that true and
correct return of the income of such cor
poration has not been made, he shall
make an affidavit of such belief and of
the grounds on which 1t is founded, and
If said Minister shall, on examination
thereof conclude there are good grounds
for such belief, he shall issue request
In writing to such corporation to permit
an inspection of the books of such cor
poration to be made; and If such corpor-
alton shall refuse to comply with such
request, then the Assessor of the Divi-
sion shall make from such information
as he can obtain, an estimate OF the
amount of such income, and then add
one hundred per cent thereto, which said
SO made shall then be the
lawful assessment of such income, and
shall not be subject to appeal.
FAILURE TO RETURN-FAULTY
STATEMENT-PENA
HEARING. -
Section T. When any person or cor
poration having taxable income re-
fuses or negleStS to render any return