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CX 48D: Tax credits for expenditure on research and development
or “Tax credits for research and development spending no longer exist”
You could also call this:

“Employer contributions to your super fund are tax-free income”

When your employer makes a superannuation contribution for you, it’s considered excluded income. This means you don’t have to pay tax on it. The same rule applies to the trustees of the superannuation scheme where the contribution is made. They also don’t have to pay tax on the contribution. This rule is part of the Income Tax Act 2007 and helps explain what ‘employer’s superannuation contributions’ mean in the act.

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Next up: CX 50: Tax credits for KiwiSaver and complying superannuation funds

or “KiwiSaver and superannuation fund tax credits are not taxable income”
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Part C Income
Excluded income: Definitions

CX 49Employer’s superannuation contributions

  1. An employer’s superannuation contribution is excluded income of—

  2. the employee for whose benefit the contribution is provided; and
    1. the trustees of the superannuation scheme to whom the contribution is made.

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