Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Income - Exempt income

CW 59B: Income of and distributions by certain international funds

You could also call this:

“Tax-free income and distributions from Niue and Tokelau international trust funds”

You don’t have to pay tax on money you get if you’re the trustee of the Niue International Trust Fund or the Tokelau International Trust Fund. This means the money these funds earn is tax-free.

Also, if you receive money that comes from either of these funds, you don’t have to pay tax on it. This applies no matter who you are - if the Niue International Trust Fund or the Tokelau International Trust Fund gives you money, it’s tax-free for you.

This rule is part of New Zealand’s tax laws and it’s designed to help these special international funds.

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 It might be out of date or be missing some parts.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=DLM1618713.

Topics:
Money and consumer rights > Taxes
Previous

CW 59: New Zealand companies operating in Niue, or

“Tax exemptions for NZ companies doing business in Niue”

Next

CW 59C: Life reinsurance claims from reinsurer outside New Zealand, or

“Tax exemption for certain life reinsurance claims from overseas reinsurers”

Part C Income
Exempt income

CW 59BIncome of and distributions by certain international funds

  1. An amount derived by a person is exempt income of the person if they are—

  2. the trustee of the Niue International Trust Fund:
    1. the trustee of the Tokelau International Trust Fund.

      1. An amount derived by a person is exempt income of the person if the income is a distribution by—

      2. the trustee of the Niue International Trust Fund:
        1. the trustee of the Tokelau International Trust Fund.

          Compare
          Notes
          • Section CW 59B: inserted, on , by section 333 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).