Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Tax credits paid in cash - General provisions

MA 3: Excluded income

You could also call this:

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

If you receive a tax credit under this Part, you don’t have to count it as income for tax purposes. This means the government won’t tax you on the money you get from this tax credit. It’s like getting a special type of money that doesn’t count when you’re figuring out how much tax you need to pay.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1518411.

Topics:
Money and consumer rights > Taxes
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MA 2: Relationship with core provisions, or

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

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MA 4: Calculation of amounts of credit producing negative amounts, or

“Handling negative results when calculating tax credits”

Part M Tax credits paid in cash
General provisions

MA 3Excluded income

  1. A tax credit that a person has under this Part is excluded income of the person.

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