Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Tax credits paid in cash - General provisions

MA 2: Relationship with core provisions

You could also call this:

“How tax credits from this part affect your income tax”

When you get a tax credit under this part of the law, there’s a special rule about how to use it. You can find this rule in Section BC 8. This section explains how the tax credit helps to pay your income tax bill.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1518409.

Topics:
Money and consumer rights > Taxes
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MA 1: What this Part does, or

“This part explains the tax credits available to individuals”

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MA 3: Excluded income, or

“Money you get from tax credits doesn't count as income for tax purposes”

Part M Tax credits paid in cash
General provisions

MA 2Relationship with core provisions

  1. Section BC 8 (Satisfaction of income tax liability) deals with how a tax credit arising under this Part is applied.