Income Tax Act 2007

Schedule 31: Annualised equivalent amount for Part M

You could also call this:

"A list to help work out a yearly amount for tax purposes"

The Income Tax Act 2007 has a schedule called Annualised equivalent amount for Part M. This schedule is empowered by sections MF 3 and MF 7. It has a table that shows how to calculate the annualised equivalent amount.

The table has two columns. The first column shows the annual amount, calculated in accordance with section MF 3(2)(a). The second column shows the annualised equivalent amount for section MF 3(2)(b).

You can use the table to find the annualised equivalent amount by looking at the annual amount and finding the corresponding amount in the second column. If the annual amount exceeds $120,500, the annualised equivalent amount is the same as the annual amount.

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This page was last updated on 5 August 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1523391.

Topics:

Money and consumer rights > Taxes

Schedule 29: Portfolio investment entities: listed investors, or

"Who is listed as an investor in special investment groups"

Schedule 32: Recipients of charitable or other public benefit gifts, or

"Who you can donate to and claim a tax rebate for in New Zealand"

31Annualised equivalent amount for Part M Empowered by ss MF 3, MF 7

This is a medium table on 2 pages having 2 columns. The first row on each page is the headings for the columns. Each heading has more than one line of text.
Column 1	Column 2
Annual amount, calculated in accordance with section MF 3(2)(a)	Annualised equivalent amount for section MF 3(2)(b)
	$
Amount does not exceed $42,700	42,700
Amount exceeds $42,700 but does not exceed $44,000	44,000
Amount exceeds $44,000 but does not exceed $45,500	45,500
Amount exceeds $45,500 but does not exceed $47,000	47,000
Amount exceeds $47,000 but does not exceed $48,500	48,500
Amount exceeds $48,500 but does not exceed $50,000	50,000
Amount exceeds $50,000 but does not exceed $51,500	51,500
Amount exceeds $51,500 but does not exceed $53,000	53,000
Amount exceeds $53,000 but does not exceed $54,500	54,500
Amount exceeds $54,500 but does not exceed $56,000	56,000
Amount exceeds $56,000 but does not exceed $57,500	57,500
Amount exceeds $57,500 but does not exceed $59,000	59,000
Amount exceeds $59,000 but does not exceed $60,500	60,500
Amount exceeds $60,500 but does not exceed $62,000	62,000
Amount exceeds $62,000 but does not exceed $63,500	63,500
Amount exceeds $63,500 but does not exceed $65,000	65,000
Amount exceeds $65,000 but does not exceed $66,500	66,500
Amount exceeds $66,500 but does not exceed $68,000	68,000
Amount exceeds $68,000 but does not exceed $69,500	69,500
Amount exceeds $69,500 but does not exceed $71,000	71,000
Amount exceeds $71,000 but does not exceed $72,500	72,500
Amount exceeds $72,500 but does not exceed $74,000	74,000
Amount exceeds $74,000 but does not exceed $75,500	75,500
Amount exceeds $75,500 but does not exceed $77,000	77,000
Amount exceeds $77,000 but does not exceed $78,500	78,500
Amount exceeds $78,500 but does not exceed $80,000	80,000
Amount exceeds $80,000 but does not exceed $81,500	81,500
Amount exceeds $81,500 but does not exceed $83,000	83,000
Amount exceeds $83,000 but does not exceed $84,500	84,500
Amount exceeds $84,500 but does not exceed $86,000	86,000
Amount exceeds $86,000 but does not exceed $87,500	87,500
Amount exceeds $87,500 but does not exceed $89,000	89,000
Amount exceeds $89,000 but does not exceed $90,500	90,500
Amount exceeds $90,500 but does not exceed $92,000	92,000
Amount exceeds $92,000 but does not exceed $93,500	93,500
Amount exceeds $93,500 but does not exceed $95,000	95,000
Amount exceeds $95,000 but does not exceed $96,500	96,500
Amount exceeds $96,500 but does not exceed $98,000	98,000
Amount exceeds $98,000 but does not exceed $99,500	99,500
Amount exceeds $99,500 but does not exceed $101,000	101,000
Amount exceeds $101,000 but does not exceed $102,500	102,500
Amount exceeds $102,500 but does not exceed $104,000	104,000
Amount exceeds $104,000 but does not exceed $105,500	105,500
Amount exceeds $105,500 but does not exceed $107,000	107,000
Amount exceeds $107,000 but does not exceed $108,500	108,500
Amount exceeds $108,500 but does not exceed $110,000	110,000
Amount exceeds $110,000 but does not exceed $111,500	111,500
Amount exceeds $111,500 but does not exceed $113,000	113,000
Amount exceeds $113,000 but does not exceed $114,500	114,500
Amount exceeds $114,500 but does not exceed $116,000	116,000
Amount exceeds $116,000 but does not exceed $117,500	117,500
Amount exceeds $117,500 but does not exceed $119,000	119,000
Amount exceeds $119,000 but does not exceed $120,500	120,500
Amount exceeds $120,500	the number of dollars of the annual amount

Notes

Schedule 31: amended, on 1 July 2018, by section 255(1) of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).
Schedule 31: amended, on 1 July 2018, by section 255(2) of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).
Schedule 31: amended, on 1 October 2008, by section 52(a) of the Taxation (Personal Tax Cuts, Annual Rates, and Remedial Matters) Act 2008 (2008 No 36).
Schedule 31: amended, on 1 October 2008, by section 52(b) of the Taxation (Personal Tax Cuts, Annual Rates, and Remedial Matters) Act 2008 (2008 No 36).
Schedule 31: amended, on 1 October 2008, by section 52(c) of the Taxation (Personal Tax Cuts, Annual Rates, and Remedial Matters) Act 2008 (2008 No 36).
Schedule 31: amended, on 1 October 2008, by section 52(d) of the Taxation (Personal Tax Cuts, Annual Rates, and Remedial Matters) Act 2008 (2008 No 36).