Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Income - Exempt income

CW 48: Income from conducting gaming-machine gambling

You could also call this:

“Tax rules for money earned from running gaming machines”

You can earn money from gaming machine gambling, but this money is not taxed if two things are true. First, you need to have special licences that allow you to run gaming machines. These are called a gaming-machine operator’s licence and a gaming-machine venue licence. You get these licences under a law called the Gambling Act 2003. Second, you must follow the rules in the Gambling Act 2003 about how you use and give out the money that’s left after paying out winnings from the gaming machines. If you do both these things, the money you make from gaming machine gambling is exempt from income tax.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1513283.

Topics:
Money and consumer rights > Taxes
Money and consumer rights > Gambling
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Part C Income
Exempt income

CW 48Income from conducting gaming-machine gambling

  1. An amount of income derived by a person that is gross gambling proceeds from gaming-machine gambling is exempt income if—

  2. the person is authorised to conduct the gaming-machine gambling under the Gambling Act 2003 by a gaming-machine operator’s licence and a gaming-machine venue licence; and
    1. the person complies with the Gambling Act 2003 in applying and distributing the net gambling proceeds from the gaming-machine gambling.

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