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Income Tax Act 2007

Income - Excluded income - Introductory provisions

CX 3: Excluded income

You could also call this:

“Fringe benefits from your job are not counted as taxable income”

If you get a fringe benefit from your job, you don’t have to count it as part of your income. This means you won’t pay tax on it like you do with your regular pay. A fringe benefit is something extra your employer gives you that’s not part of your normal wages or salary. It’s a special kind of benefit that the law treats differently from your other income.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1513335.

Topics:
Money and consumer rights > Taxes
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CX 2: Meaning of fringe benefit, or

“What counts as a job-related benefit from your employer”

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CX 4: Relationship with assessable income, or

“How job benefits relate to your taxable income”

Part C Income
Excluded income: Introductory provisions

CX 3Excluded income

  1. A fringe benefit is excluded income of the employee.

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