Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Income - Exempt income

CW 64: Exemption under other Acts

You could also call this:

“Tax exemptions granted by other laws”

If another Act specifically says that some money or income doesn’t need to be taxed, you don’t have to pay income tax on it. This is called exempt income. It’s important to remember that this only applies when the other Act clearly states that the income is exempt from 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=DLM1513324.

Topics:
Money and consumer rights > Taxes
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“Rules to prevent unfair tax avoidance schemes”

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CW 65: New Zealand Railways Corporation restructure: exempt income, or

“KiwiRail and its subsidiaries are exempt from tax on certain income related to railway assets”

Part C Income
Exempt income

CW 64Exemption under other Acts

  1. An amount of income expressly exempted from income tax by any other Act is exempt income.

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