This Act has three main purposes. You will find that it defines and imposes tax on a net amount of income. It also imposes obligations concerning tax. The Act sets out rules for calculating tax and for satisfying the obligations imposed. You can find more information about this by looking at section AA 1. This section was amended by the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023. The amendments were made by section 5 of the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023. You can read about the changes that were made to the Act on 1 April 2023. The changes were made to some of the defined terms in the Act.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512300.
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A 1: Title, or
"This provision states the official name of the law: Income Tax Act 2007"
The Parliamentary Counsel Office has made editorial and format changes to this version using the powers under subpart 2 of Part 3 of the Legislation Act 2019.
Note 4 at the end of this version provides a list of the amendments included in it.
This Act is administered by the Inland Revenue Department.
