Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Tax credits and other credits - General rules for tax credits

LA 1: What this Part does

You could also call this:

“This part explains when you can get tax credits and how to use them”

This part of the law explains two important things about tax credits. First, it tells you when you can get a tax credit. Second, it gives you the rules for using a tax credit to help pay your taxes. These rules are connected to section BB 2, which talks about your main tax duties.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1517893.

Topics:
Money and consumer rights > Taxes
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LA 2: Satisfaction of income tax liability, or

“How to use your tax credits to pay your income tax”

Part L Tax credits and other credits
General rules for tax credits

LA 1What this Part does

  1. This Part—

  2. identifies when a person’s tax credit arises; and
    1. provides the rules that govern the use of a tax credit in satisfying an obligation under section BB 2 (Main obligations).