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Income Tax Act 2007

Timing and quantifying rules - Taxes and levies

EF 2: Employer’s superannuation contribution tax

You could also call this:

“Rules for deducting tax on employer's superannuation cash contributions”

If you can deduct employer’s superannuation contribution tax (ESCT), you can only do so in the same income year that you make the employer’s superannuation cash contributions. This is true even if you don’t actually have to pay the tax in that income year. The tax is linked to the contributions you make, so you can’t deduct it in a different year.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1514778.

Topics:
Money and consumer rights > Taxes
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“Tax on extra benefits given to employees”

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“Deducting ACC payments from your income”

Part E Timing and quantifying rules
Taxes and levies

EF 2Employer’s superannuation contribution tax

  1. An amount of employer’s superannuation contribution tax (ESCT) for which a deduction is allowed may be deducted only in the income year in which the employer’s superannuation cash contributions to which the tax relates are made, whether or not the tax actually becomes due and payable in the income year.

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Notes
  • Section EF 2: amended (with effect on 1 April 2008), on , by section 121(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
  • Section EF 2 list of defined terms employer's superannuation cash contribution: inserted (with effect on 1 April 2008), on , by section 121(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
  • Section EF 2 list of defined terms employer's superannuation contribution: repealed (with effect on 1 April 2008), on , by section 121(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).