Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Core provisions - Income tax and resulting obligations

BB 1: Imposition of income tax

You could also call this:

“Income tax: What it is and how it's set”

You have to pay income tax on your taxable income. The government decides how much tax you need to pay each year. They do this by setting tax rates in a special law called an annual taxing Act. You pay this tax to the government under two laws: this one (the Income Tax Act 2007) and another one called the Tax Administration Act 1994.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512320.

Topics:
Money and consumer rights > Taxes
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BA 1: Purpose, or

“Explains the goals and structure of this part of the tax law”

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BB 2: Main obligations, or

“Your main tax obligations: calculating, paying, and withholding”

Part B Core provisions
Income tax and resulting obligations

BB 1Imposition of income tax

  1. Income tax is imposed on taxable income, at the rate or rates of tax fixed by an annual taxing Act, and is payable to the Crown under this Act and the Tax Administration Act 1994.

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