Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

General collection rules - Employment-related taxes - Introductory provisions

RD 64: ESCT rules and their application

You could also call this:

“Rules for taxing employer payments to employee retirement savings”

The ESCT rules are a set of laws about employer’s superannuation contributions. These rules include several parts of the tax law. They cover what counts as an employer’s superannuation contribution, and rules about how these contributions are taxed.

The ESCT rules are made up of three main parts:

  1. A rule about employer’s superannuation contributions.
  2. Several sections of the Income Tax Act 2007.
  3. Parts of the Tax Administration Act 1994, including rules about how to file tax returns and pay taxes for these contributions.

These rules apply to you if you are an employer or if you make an employer’s superannuation cash contribution. This means if you pay money into a retirement savings account for your employees, you need to follow these rules.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1520139.

Topics:
Money and consumer rights > Taxes
Money and consumer rights > Savings and retirement
Previous

RD 63: When employer stops employing staff, or

“ Rules for paying tax on employee benefits when you stop employing staff ”

Next

RD 65: Employer's superannuation cash contributions, or

“Employer payments to employee retirement savings”

Part R General collection rules
Employment-related taxes: Introductory provisions

RD 64ESCT rules and their application

  1. The ESCT rules means—

  2. section CX 49 (Employer’s superannuation contributions); and
    1. sections RD 65 to RD 71; and
      1. subparts 3C and 3D, sections 22AA, 47, 124H to 124K, 124O to 124Q, Part 9, and schedules 4 and 5 of the Tax Administration Act 1994.

        1. The ESCT rules apply to an employer or a person who makes an employer's superannuation cash contribution.

        Compare
        Notes
        • Section RD 64(1)(c): replaced (with effect on 1 April 2019), on , by section 75(1) of the Taxation (Annual Rates for 2019–20, GST Offshore Supplier Registration, and Remedial Matters) Act 2019 (2019 No 33).
        • Section RD 64(1)(c): amended, on , by section 75(2) of the Taxation (Annual Rates for 2019–20, GST Offshore Supplier Registration, and Remedial Matters) Act 2019 (2019 No 33).
        • Section RD 64(2): amended (with effect on 1 April 2008), on , by section 139(1) of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).
        • Section RD 64 list of defined terms employer's superannuation contribution: repealed, on , by section 139(2) of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).
        • Section RD 64 list of defined terms employer's superannuation cash contribution: inserted (with effect on 1 April 2008), on , by section 139(2) of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).